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Taxes to restore the country after flood

10.02.2019 Anton Chekhov

In the Australian town of Townsville, local authorities were forced to open a dam that held back the river to reduce flood damage due to heavy rainfall. As a result, flooded two thousand homes.

After the opening, the dam let through about 1.9 thousand cubic meters of water per second. The authorities warned local residents about the dangerous and rapid flow of water and asked them to find shelter or move to a higher level terrain. However, even after the discovery, the dam holds about 532 thousand galliters of water.

Earlier it was reported that several thousand people were evacuated in Australia due to flooding. The minister said that this is the largest flood in 100 years.

In connection with all the events in Australia impose a tax to restore the country after the floods.

It is assumed that, thanks to the new tax, the authorities will collect up to 1.79 billion dollars, which will be used to restore the social and business infrastructure of the affected states.

Australian authorities announced the introduction of a new temporary tax intended to raise funds for the restoration of the country after large-scale floods, which killed 35 people in the last month, Reuters reported on Thursday.

In total, the area inundated in the east of the country turned out to be an area that exceeds the size of Germany and France combined. The scale of economic losses is estimated at more than 10 billion dollars.

It is assumed that, thanks to the new tax, the authorities will collect up to 1.79 billion dollars, which will be used to restore the social and business infrastructure of the affected states.

As a result of flooding in Queensland, 75% of coal mines are closed, which led to a sharp jump in world coal prices, since Australia’s share in its production is 3%.

As the Prime Minister of the Green Continent, Julia Gillard, said earlier, the government will cut spending in some areas in order to send about $ 5.59 billion to rebuild the country. In addition, the authorities of the affected states will also make their financial contribution to the process of overcoming the consequences of the rampant element.