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Birth rate up after cash offer

Snowbaby

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Scotland
Australia's birth rate had risen for the first time in 20 years following the offer of money for new mums in last year's federal budget, federal Treasurer Peter Costello said.

Mr Costello has warned Australia's low birth rate means the nation will have a much older population in the future, with fewer workers to support them.

Mr Costello has been encouraging a rise in fertility rates by offering new mothers a $3,000 payment.

"It's just about nine months since we announced it," Mr Costello told radio 2GB.

"And it appears for the first time in 20 years that the birth rate might have gone up very slightly.

"So who knows, maybe it's had an effect."

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