Skip to main content

Royalties for Regions program to boost WA budget

The “Royalties for Regions program”, which ensures 25 per cent of the state's mining and onshore petroleum royalties are spent in regional areas, is as good example of how the government can make use the mining boom to actually improve the living standards of even those not participating in the industry.

This program will ensure that WA gets a  more equal spread of the dividends
A $600 million boost for social services announced  after the WA budget will help answer the desperate calls from welfare organizations struggling to cope with the increased demand for their services.

royalties for regions WA budget

Royalties for Regions is an historic agreement that underlines the State Government’s long-term focus on regional development throughout Western Australia.


Through Royalties for Regions, the equivalent of 25 per cent of the State’s mining and onshore petroleum royalties will be returned to the State’s regional areas each year as an additional investment in projects, infrastructure and community services.


The money is in addition to regular Budget programs and in 2009-10 it will provide an additional $619million for regional communities, this represents less than 4 per cent of Western Australia’s total budget.

ref: http://www.royaltiesforregions.wa.gov.au/ , regional grants scheme ,

Royalties For Regions Wheatbelt Regional Grants Scheme

St Vincent de Paul Society says increased costs of living has led to a record a 55 per cent increase in demand for help. The WA Council for Social Service says it needs funding to increase to $223 million each year to cope.

The big mining boom happening in WA has seen the state record the highest population growth in the country. On June 30, 2010, there were 2.3 million people calling WA home, an increase of 2.2 per cent in a year, compared to 1.7 per cent nationally. You can red more about the royalties for regions over here

Popular posts from this blog

Best Australian stock forums online ( finance forums)

Many traders and investors use forums to share ideas, learn from the more experienced, or simply to stave off boredom during long hours at the computer. Here we list the known universe of forums, complete with costs, member numbers, extra benefits and popular forum topics. Please post a message on Your 2 Cents if your favourite forum isn't listed here, or if you feel that there's more to add about the day-to-day goings on in your online community.Forum
Cost
Stock comps
Forum areas
Comments
AussieStockForums.comFreeASX by share code, General, Beginners, Derivatives, Commodities, International, Strategies/SystemsEasy to use, independent forum. Aussie Stock Forums has a group of very active and knowledgeable traders. Private messaging available. Australian forum.
Chimes in ExileFreeASX stocks, fundamental analysis, technical analysis, commodities, economics, investment tools The forum has a small group of regular contributors that form a genuine community of investor…

The diggers and dealers forum meet 2011

The diggers and dealers forum has just begun August 1. Its a three day annual event happening every year  at the WA country town of kalgoorlie.2011 Diggers & Dealers forumBig name brokers  keenly watching the event will be MacquarieDeutsche BankBell PotterGoldman SachsRBS MorgansEvans & PartnersHartleysBlack Swan Euroz.Well most other websites will give you the  finer details of the annual meet and greet that happens at kalgoorlie , so we will just stick with the bare minimum of details  and focus on the more enjoyable bits  of information that the dealers require to strike a good deal while in town.Bare detailsWebsite : Diggers & DealersEvents : Program and scheduleWatering holes and entertainment at Diggers and dealers forumPubs , clubs  and skimpy (barmaids) culture in kalgoorlie . There are about 25 pubs in Kalgoorlie-Boulder area and for a city that stretches just 67sq km the number of pubs makes for  a good choice on drinking holesand entertainmentExchange Hotel ( Pa…

Stock market and High frequency trading

High frequency and computerised trading androgue trading is again  in the news with  trader Mr Adoboli working for UBS  who was arrested at his desk, is alleged to have lost £1.3 billion through his rogue trades  according to the company , now also annoucing that they might go into a loss in this quarter. According to some reports in the media it was said that Mr Adoboli Himself had reported the  trade when the trade went bad before the computers picked up the loss.
Not so long ago in 2008 Jérôme Kerviel, the Paris-based Société Générale trader lost £4 billion in rogue trades, but fought it out in court contesting that the trading firm knew about his trades with large amounts.

High frequency computerised trading in Australia HFT drives the wild swings in global markets and in co-relation influences the local assets, the intensity is expected to rise with online exchange Chi-X to  begin operating in Australia soon with a limited number of stocks in November. The ASX will launch its Pur…