Budget 2021: $1.2 Billion Into Australia’s Digital Future
The Australian government has announced it will be spending $1.2 billion (US$930 million) to help grow the nation into a leading digital economy by 2030 as part of the upcoming federal budget.
“Every business in Australia is now a digital business,” Prime Minister Scott Morrison said. “This transformation is not merely a national one that needs to happen it’s a global one that is happening.”
“We must keep our foot on the digital accelerator to secure our economic recovery from COVID-19.”
The measures include $100 million in digital upskilling programs, $124 million for Artificial Intelligence initiatives, a 30 percent tax offset for the game development market, and strengthening of cyber security.
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