Money to pay for flood damage will come from spending cuts , delayed spending and a tax . Tax would raise billions of dollars and would be levied for 2011-12 financial year . The floods have devastated crops , tourism , retail and manufacturing , and have disrupted major urban areas like Brisbane , according to Swan . ` more than 3 million people have been affected by recent floods . The government will be investing $ 1.8 billion to help Gillard , national treasurer says .
Money to pay for flood damage will come from spending cuts , delayed spending and a tax . Tax would raise billions of dollars and would be levied for 2011-12 financial year . more than 3 million people have been affected by recent floods . The government will be investing $ 1.8 billion to help Gillard , national treasurer says .