The news is good for the Australian people as Australian administration has announced it will give a second economic stimulus package to help counter the effects of the recent global economic crisis. According to plan the Nation Building and Jobs Plan package will provide around $15 billion for school infrastructure. It will also provide more than $12 billion in tax and cash bonuses to low and middle income families. Officials said the package follows a cut to interest rates by 1% point; taking rates to 3.25%.The administration will pay for ceiling insulation to over 2.5 million homes in order to save families about $200 per year on energy bills.

This scheme is expected to create jobs for insulation installers. It will be available for 2.2 million owner-occupied homes and some other 500,000 rental properties. October 2008, the Australian administration released a $10.4 billion economic security strategy. It provided nearly about $9 billion in one-off cash payments to families and pensioners. People hope that the new step will help to develop their daily life.

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