City
Epaper

Australia announces digital business plan

By IANS | Updated: September 29, 2020 14:40 IST

Canberra, Sep 29 The Australian government has invested almost A$800 million to enable businesses to take advantage of ...

Open in App

Canberra, Sep 29 The Australian government has invested almost A$800 million to enable businesses to take advantage of digital technologies to grow and create jobs as part of the country's economic recovery plan, Prime Minister Scott Morrison said in a statement on Tuesday.

The Covid-19 pandemic has accelerated the adoption of digital technologies by Australian businesses and consumers, which has enabled many to transform their operations and continue to trade through the crisis.

In the statement, Morrison said that this year's Budget would support businesses to recover, build back and create more jobs as part of our economic recovery plan.

"Many businesses moved online quickly when the pandemic hit, undergoing a decade of change in months, finding new customers or new ways of doing things.

"Our JobMaker Digital Business Plan provides significant backing to continue that digital push and expand opportunities for businesses to grow and create more jobs.

"The Plan supports Australia's economic recovery by removing out-dated regulatory barriers, boosting the capability of small businesses and backs the uptake of technology across the economy," he was quoted as saying.

Also in the statement, Treasurer Josh Frydenberg said: "The governments' Digital Business plan is targeted at building on this digital transformation of Australian businesses to drive productivity and income growth and create jobs.

"Our Digital Infrastructure package is estimated to increase Australia's GDP by A$6.4 billion a year by 2024 and around A$1.5 billion of this additional economic activity is estimated to flow to regional Australia each year."

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: australiaCanberraScott MorrisonBudget
Open in App

Related Stories

CricketDamien Martyn: Former Australia World Cup Winner Hospitalised in Induced Coma

LifestylePlanning an International Trip? This New Home-Swapping Trend Can Save You Money

InternationalBondi Beach Shooting: Gunmen Identified as Father-Son; 16 Killed at Jewish Celebration in Sydney

InternationalSydney Mass Shooting: At Least 10 Dead Several Injured at Firing Incident Near Bondi Beach

TechnologyWhy Australia Is Banning Children Under 16 From Social Media? Here’s the Reason

International Realted Stories

InternationalSwiss bar fire in Crans-Montana claims 40 lives, 115 injured, says police

InternationalViolent protests erupt across Iran over worsening economic conditions

InternationalIsrael starts 2026 with more than 10 million people

InternationalBedouin Arms Trafficking Network Thwarted, 14 Arrested

InternationalUAE Government issues two federal decree laws on Capital Market Authority, Regulation of Capital Markets