The devastating floods and cyclone that ravaged Australia last summer has cost the country’s economy more than $6.6 billion dollars; as the country begins to rebuild, the economy must deal with the loss of nearly $9 billion dollars, half a percentage point of real GDP, in production revenues, primarily from the coal and agriculture industry; the government plans to spend nearly $7 billion over the next six years to help communities rebuild, despite an expected loss in tax revenues of $1.75 billion