Pensioners, families and first home buyers are the winners in a $10.4 billion Economic Security Strategy announced today by Prime Minister Kevin Rudd

The Member for Page, Janelle Saffin, speaking from Canberra, says that she has already heard from many locals, including pensioners, welcoming the Government’s Economic Security Strategy.

“The strategy will give pensioners and working families an added boost to the family budget. This is good news, and good news as well for our local retailers because people will have extra cash in their pockets before Christmas,” she said.

Mr Rudd announced a $10.4 billion strategy to strengthen the national economy and support Australian households during a deep and prolonged global economic slowdown.

Ms Saffin said this includes delivering for about 47,000 people here in Page, a large number of them carers, disability support and aged pensioners, seniors and veterans.

“Under the Government’s Economic Security Strategy announced today, pensioners will receive a payment of $1400 to singles and $2100 for couples as a down-payment on longer-term reforms,” she said.

“Out of the 47,000 people, 13,457 families receiving Family Tax Benefit A will receive immediate financial support with a one-off payment of $1000 for each eligible child in their care.

“This is about delivering real and immediate support to people who need it most, including pensioners, carers and famlies.

“I’m pleased to be able to report that under the Economic Security Strategy, first home buyers will be eligible for grants of up to $21,000 with the ‘First Home Owners Boost’ initiative to bolster construction activity in the local housing market.”

Additional measures for infrastructure spending and increased training places will ensure that Australia is well-placed to maintain a strong economy, Ms Saffin said.

“The Rudd Government has taken decisive action to make sure working families and pensioners have a secure future and the benefits of a strong economy” Ms Saffin said.