PM to unveil $1 billion drought loan scheme - 2600 | Sky News Australia

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The Morrison Government is expected to unveil its next stage of drought funding today. ScottMorrisonMP will announce farmers and small businesses in drought-ravaged areas will have access to interest-free loans under a $1 billion rescue package.

Farmers and communities hard hit by the drought will today be given a welcome boost by the Morrison Government as it unveils its next stage of drought funding.

Then, they will pay interest-only from years three to five, then the interest and principal from years six to 10. Flanked by Deputy Prime Minister Michael McCormack, Agriculture Minister Bridget McKenzie and Drought Minister David Littleproud, the prime minister is also expected to announce:Redirecting $200 million from the Building Better Regions Fund to create a Special Drought Round to provide up to $10 million per project in regional local government areas,

Despite receiving the backing from the Nationals party room last month, when asked by Sky News the drought minister walked away from the policy.

 

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ScottMorrisonMP how about cutting or forgien aid outlay in half for 5 yrs and use that money to help farmers and build some dams and channel the water we get in the top end wet season down to drought areas we give money to a country that spends $10 billion USD. on there military budget

ScottMorrisonMP Morrison Liberal-McCormack National Govt drought package 7 Nov 2019 $500M in cheap loans WB: Just what they need more DEBT? $4 Billion PA Australia spends on Foreign aid, you could use that for Road Transport -Water & Feed to save the breeding stock

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