Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

We have been upfront about saying that the global financial crisis will slow growth and threaten jobs in Australia. In the face of these almost unprecedented global economic challenges the Rudd government has taken early and decisive action to strengthen growth and support households during the global financial crisis. With today’s further cut in official interest rates and the Economic Security Strategy payments this month, monetary and fiscal policy are working together to give relief to families and protect jobs. The Economic Security Strategy will deliver $1,400 for single pensioners, $2,100 for pensioner couples and $1,000 per child for families on FTBA in a lump sum payment before Christmas. (Time expired)