International rescue: G20 countries
Updated on 31 March 2009
As G20 finance ministers start the debates around a global rescue deal, Channel 4 News online sees just how many millions each G20 country is pouring into rescuing their economies.
Click the image below for a larger version of the map.
G20 packages in detail
Argentina
- US$30bn stimulus
- Timescale: 2009, but some public work to 2015
- Focus on infrastructure and energy projects, tax breaks and consumer loans
- A$52bn in two rescue package
- Second package of A$42 is 2 per cent of GDP in 2009 and 1.3 per cent in 2010
- Timescale: 2009/10
- Focus on infrastructure investment and payments to low and middle income households
- Additional tax breaks for small businesses
- Accelerating previously planned infrastructure spend
- Increased spending in February on programme by 142.1bn Brazilian reais (US$61.2bn) totaling 646 billion Brazilian reais (US$278.4 billion) through 2010
- Timescale: From 2007 - 2010
- Can$40bn (US$31.9bn) including infrastructure investment, tax relief and promote bank financing
- 2.5 per cent of GDP (1.5 per cent in 2009, 1.1 per cent in 2010)
- Timescale: Up to end 2010
- Support for manufacturing, e.g. car industry
- 4tr yuan (US$580.6bn) stimulus package
- 13.3 per cent of 2008 GDP
- Timescale: Up to end 2010
- Focus on infrastructure and public spending
- 26bn euro (US$34.3bn) stimulus package announced
- 1.3 per cent of GDP
- Timescale: mostly in 2009
- Includes infrastructure spending, car industry and construction support
- 81bn euro (US$106.8bn) in two packages
- 3.25 per cent of GDP
- Timescale: 2009/10
- Focusing on infrastructure spending, tax incentives, measures to boost demand for cars and credit guarantees
- US$4bn in two packages
- 0.4 per cent of GDP
- Focus on reviving domestic demand, infrastructure and supporting export sector
- Also cuts to some duties and service tax rates
- 73.3tr rupiah (US$6.4bn) stimulus package
- 1.3 per cent of GDP
- Timescale: mostly in 2009
- Focus on tax breaks and infrastructure spend
- 7bn euro (US$9.2bn) stimulus package
- 0.4 per cent of GDP
- Timescale: all in 2009
- Focus on tax breaks and financial incentives to buy certain goods
- 12tr yen (US$123.8bn) in three stimulus packages
- 2 per cent of GDP
- Timescale: up to March 2010
- Focus on payouts to individuals, job support and tax breaks for housing mortgages
- US$54bn one-year stimulus plan
- 1.8 per cent of GDP
- Timescale: 2009 only
- Including infrastructure spend, education and health benefits
- US$61-62bn stimulus plan
- 5.2-5.4 per cent of GDP
- Timescale: mostly in 2009
- Mainly focused on tax cuts
- No official package, but Dec 2008 budget of SR475bn (US$126.7bn)included SR225bn on new projects and SR122 on education
- The IMF say Saudi Arabia package has hit 2 per cent of GDP
- Timescale: 2009
- US$2.67bn interest-free credit
- R787bn (US$80.8bn) infrastructure spending, part of existing long-running programme in preparation for football world cup
- Timescale: three years to 2012
- 51.3tr won (US$36.6bn) stimulus package
- 5.7 per cent of GDP
- Timescale: up to and including 2012
- Focus on tax breaks and investment to create jobs
- 17bn lira (US$10bn) stimulus package
- 1.5 per cent of GDP
- Timescale: mostly in 2009
- Focus on tax breaks and infrastructure spend
- £20bn (US$28.4bn) stimulus package
- Over 1 per cent of GDP
- Timescale: 2009/10
- Includes VAT cut and capital spending
- Bank of England introduced quantitative easing, pumping £75bn into economy
- US$787bn stimulus plan
- 5.5 per cent of GDP
- Timescale: 2009/10, but tax cuts spread over several years
- US$507bn public spending; US$282bn tax relief
International Monetary Fund, Group of Twenty, Meeting of Ministers and Central Bank Governors, March 2009
Reuters FACTBOX: Fiscal stimulus in G20 countries
Reuters FACTBOX: Fiscal stimulus in G20 countries (continued)
Financial Stimulus Plans: Recent Developments in Selected Countries, Law Library of Congress
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Meanwhile, we'll let Jon explain:
