While digital spending is set to increase, cuts have been announced for spending on the National Audit Office, National Gallery, and National Museum. Meanwhile, the government is in the process of reducing a coronavirus supplement for jobseekers that is forecast to decrease the size of the economy by billions of dollars. A further cut is expected to impact job-keeper wage subsidies, with several billion dollars expected to leave the Australian economy by Christmas.
Governments all around the world are facing impossible decisions on how to navigate the economic fallout of COVID-19. Australia is no exception and Prime Minister Scott Morrison has placed his stake on technology to stimulate fortunes and see his people through the worst economic crisis to hit the economy in 30 years.
