Cristina Announces Stimulus Package

December 5th, 2008 Posted in business, politics

Written by Jamie

President Cristina has just unveiled her stimulus package tallying US$3.7 billion. According to People’s Daily Online, the plan will have four major components:

1) Low cost consumer loans will be available to purchase electronic appliances of up to US$1,500 per borrower.

2) Credit line of US$890 million for auto purchases.

3) Financing of up to US$865 million for small businesses.

4) 5% cut on export tax on wheat and corn.

Only time will tell how the package works out. ¡Vamos a ver!

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