Special Report:Global Financial Crisis
CANBERRA, Dec. 2 (Xinhua) -- Australian Prime Minister Kevin Rudd said here on Tuesday his government was planning to take more fiscal stimulus action next year.
At a meeting of the federal Labor caucus, Rudd outlined measures already taken by the government to ward off the effects of the global financial crisis and a weakening local economy.
Rudd also told the Labor colleagues they could expect to see more fiscal stimulus action next year.
The government had spent an additional 25 billion dollars (16 billion U.S. dollars), Rudd said, adding it was acting ahead of the economic curve.
The Labor government believes the global economy continued to pose challenges domestically, and Australia faced some difficult decisions.
