Scott Morrison and Treasurer Josh Frydenberg announced the nearly A $ 800 million plan.
Canberra [Australia]:
The Australian government has announced a digital business plan to enable companies to take advantage of digital technologies to grow their businesses and create jobs in the wake of the coronavirus crisis.
Prime Minister Scott Morrison and Treasurer Josh Frydenberg announced the nearly AU $ 800million (roughly AU $ 566million) program on Tuesday, saying it would make it easier to do business online in a post-coronavirus world.
As part of this plan, the deployment of the Australian 5G network will be accelerated, the digital capacity of agricultural, manufacturing, mining, logistics and financial services will be strengthened.
Australians will be able to start a new business in 15 minutes using government services online rather than waiting days or weeks, according to the Australian report.
“This year’s budget will help businesses recover, rebuild and create more jobs as part of our economic stimulus package,” Scott Morrison said in a statement.
“Many businesses connected quickly when the pandemic hit, going through a decade of change in months, finding new customers or new ways of doing things.
“The plan supports Australia’s economic recovery by removing outdated regulatory barriers, strengthening the capabilities of small businesses and supporting the adoption of technology across the economy.”
Scott Morrison and Josh Frydenberg have both reported that the 2020/21 fiscal year budget, which the treasurer will hand out on October 6, will focus on returning Australia’s unemployment rate to pre-pandemic levels.
Josh Frydenberg said on Tuesday that investing in the digital economy would allow businesses and Australians to stay in business as part of the economic stimulus package.
“The government’s digital business plan aims to harness this digital transformation of Australian businesses to boost productivity and income growth and create jobs,” he said.
“Our digital infrastructure package is expected to increase Australia’s gross domestic product (GDP) by AU $ 6.4 billion (US $ 4.5 billion) per year by 2024 and an estimated 1.5 billion Australian dollars (US $ 1.06 billion) of this additional economic activity is estimated to flow into regional Australia each year. ”
