Australia to Spend $575M on Tech Including Blockchain to Boost Pandemic Recovery

Australian Prime Minister Scott Morrison

Australian Prime Minister Scott Morrison has announced that the federal government has set aside nearly A$800 million (US$575 million) to invest in digital technologies as part of its coronavirus recovery plan.

  • Morrison announced the news Tuesday, saying that the funding is aimed to help the country’s businesses recover from the economic effects of the COVID-19 outbreak, as well as create more jobs.
  • While Australia hasn’t been hit as badly as nations like the U.S. and India by the virus, it’s still seen around 27,000 cases and nearly 900 deaths in total, according to its official figures.
  • After seeing growth for a record 30 years, the coronavirus has now tipped the country into a recession as lockdowns sent spending spiraling.
  • The US$575 million investment, to be concreted in the 2020 budget, is part of Morrison’s plan to bounce back from the pandemic.
  • In the announcement, he sets out that varying amounts
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