Illawarra mp keen for stimulus package investment
AFL chief executive Andrew Demetriou says the party is in the process of determining whether it will introduce a stimulus package to aid rebuilding efforts.
But he has said the money needed to rebuild in Sydney’s inner south could be used elsewhere in Australia or used to pay dividends to the state’s large private sector community banks.
“The economy in the inner north has been going very strong for some years now and we’ve had all the evidence that has been available and it’s very encouraging that our economy has gone in the right direction,” Demetriou told Channel 7 on Friday.
“We need to rebuild our economy, we know what we can do and the big challenge we have is to rebuild our infrastructure, our schools and to be a whole community leader in this, to help turn that around because the people we’re dealing with today are being hit harder than the people they’re going to be in the future.”
Mr Demetriou declined to detail the amount or value of stimulus it would cost.
“It’s an area that we’ll have to discuss very thoroughly, it’ll be the case for the next 12 months we’ll be consulting very deeply as to how much we need to spend and when we get the money, whether it’s cash injections or capital increases, we’ll de바카라termine how to allocate the funds,” he said.
The government is currently considering a proposal from the Federal Government to provide $10 billion of additional cash for the state’s infrastructure plan.
Originally published as AFL chief says $10 billion may have to be spent to rebuild inner southern economy