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Key points: The spending plan
February 03, 2009 01:05pm

Government's $42 billion Nation Building and Jobs plan is aimed at stimulating the economy and supporting up to 90,000 jobs during the next two years.

Under the economic stimulus package:

FROM March,

families eligible for Family Tax Benefit Part A will receive a $950 Back to School Bonus for each eligible child.

One-off $950 payments will also be made to:

- Around 1.5 million single-income families who receive Family Tax Benefit Part B;

- Farmers and rural-dependent small business owners receiving exceptional circumstances assistance;

- Youth Allowance, Austudy, Abstudy and Education Entry Payment recipients;


FROM April,

- workers earning up to and including $80,000 will get a $950 tax bonus;

- Those earning $80,000 - $90,000 will get $650;

- People earning between $90,000 - $100,000 will receive $300.

The Government will also:

- INSTALL free ceiling insulation in 2.7 million homes;

- CONSTRUCT 20,000 public and social housing dwellings and 802 Defence houses;


- DOUBLE the rebate to landlords who install insulation in rental properties to $1000

- INCREASE the Solar Hot Water Rebate from $1000 to $1600;

- SPEND $850 million on fixing roads, building boom gates for rail crossings and building community infrastructure such as town halls, libraries and sport centres.

Schools will also benefit:

- All 9540 Australian schools will receive up to $200,000 for maintenance and building works;

- Every primary, special and combined Prep - Year 12 school will receive money for large-scale infrastructure such as libraries and multi-purpose halls;

- About 500 new science laboratories and language learning centres will be constructed in high schools.

- Meanwhile, businesses will be eligible for a share of $2.7 billion worth of investment tax breaks.