The global pandemic caused by COVID-19 has impacted the health and wellbeing of millions, though it has also had a detrimental impact on the global economy. While national governments around the world debate their best course of action and their people turn to online casino games to pass the time, Australia Prime Minister Scott Morrison has revealed a multi-million-dollar plan to help his economy recover from COVID.
Like in other countries, the Australian economy had performed strongly until it was caught in the stranglehold of coronavirus. Thirty years of record growth finally came to an end and a national recession was the result of government-mandated lockdowns to combat the spread of the virus. The people of Australia are now waiting to see if the prime minister’s plan can work.
Coronavirus Recovery Plan Revealed
Morrison’s coronavirus recovery plan was announced on 29 September 2020 and revealed how the PM planned to spend A$800 million on helping businesses create new jobs by utilizing digital technologies. Morrison and Treasurer Josh Frydenberg Believe that the plan can raise Australian GDP by A$6.4 billion a year by 2024.
The plan has revealed the government’s intent to fund the Modernising Business Registers (MBR) program with A$419.9 million, while A$256.6 million has been earmarked for a digital identity solution to improve and secure contact with government services. Meanwhile, small businesses will receive a share of A$22.2 million to adopt digital technologies through a combination of tools and training.