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Cheap Government Loans for Farmers

The Federal Government will administrate the government loans for farmers, under an election commitment from the Coalition. Barnaby Joyce, the Agriculture Minister, made an announcement regarding the administration of government loans and also mentioned how much will the Liberal-Nationals Coalition spend for the establishment of a Regional Investment Corporation. He said that the Coalition is going to allow $4.5 billion for this purpose so that this Corporation will supervise both Commonwealth loans for this economic field and water projects. Benefits for farmers The Agriculture Minister also mentioned that this solution would eliminate the need for governmental administration of federal loans […]

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Decrease in Household Savings

Despite some of the expert economists still believing that household savings are still high, there is enough evidence circulating that national savings has dropped significantly. In the last quarter of 2015 it was down to 7.6 percent which was 9 percent in the previous quarter, which was 10 percent to 12 percent coming out of the global economic downturn. Australia’s saving is down to what it was in 2008, however this is still considered high and a severe housing correction may still be avoided. Household Savings The household savings sector is not looking good at this time. This drop in […]

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