A new Australian Climate Service will be established to guide the national recovery agency as it looks at ways to make the country more resilient to future natural disasters.
In the six months before the last federal election, the government awarded more than $630m worth of grants from programs like the better regions fund, which faced significant criticism for its distribution of cash to Coalition electorates.
Ahead of what is shaping up to be a big-spending budget, with initiatives in mental health, aged care, and childcare, the Reserve Bank of Australia revised its economic growth projections upwards on Tuesday. The central bank is now predicting the Australian economy will grow by 4.75% in 2021 and 3.5% in 2022.
The reserve bank cited a pickup in business investment and household spending âsupported by the strengthening in balance sheets over the past yearâ as reasons for the more optimistic growth forecast. The bank predicts Australiaâs unemployment rate will hit 5% by the end of 2021 and 4.5% by the end of 2022.
Politics by Matthew Killoran
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Subscriber only A regional war chest of cash and disaster funding will be announced today, as the Federal Government seeks to shore up its vote in the country. Queensland has become a political battleground, with leaders from four parties in a pre-Budget week campaign push. Prime Minister Scott Morrison blitzed through Rockhampton and Cairns yesterday, while stopping in Townsville on Wednesday morning, while Opposition Leader Anthony Albanese hit Mackay. Prime Minister Scott Morrison having a taste of the steak he just cooked at Beef Australia. Picture: Vanessa Jarrett The money will go into the sixth round of the Building Better Regions Fund, used for grants in regional areas to go towards projects like sports halls, pool upgrades and road fixes.
Politics by Matthew Killoran
Premium Content
Subscriber only A regional war chest of cash and disaster funding will be announced today, as the Federal Government seeks to shore up its vote in the country. Queensland has become a political battleground, with leaders from four parties in a pre-Budget week campaign push. Prime Minister Scott Morrison blitzed through Rockhampton and Cairns yesterday, while stopping in Townsville on Wednesday morning, while Opposition Leader Anthony Albanese hit Mackay. Prime Minister Scott Morrison having a taste of the steak he just cooked at Beef Australia. Picture: Vanessa Jarrett The money will go into the sixth round of the Building Better Regions Fund, used for grants in regional areas to go towards projects like sports halls, pool upgrades and road fixes.
New climate service to help Australia bounce back from natural disasters brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.