26 September 2023

PM&C thumbs up for digital economy plan

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The Department of the Prime Minister and Cabinet (PM&C) has released a 2022 update of the Government’s Digital Economy Strategy, which outlines progress made towards Australia becoming a top 10 digital economy and society by 2030.

The Strategy, released with the 2021-22 Budget, sets the framework and direction to achieve the 2030 vision.

Released last year, the Strategy received an initial allocation of $1.2 billion.

A further $347 million has since been provided, aimed at bolstering investment in the digital economy.

In a statement, PM&C said the update provided details on the progress made and the tangible benefits being delivered to individuals and businesses.

“The Government is building on these investments in 2022, with a further $1.1 billion to support the development of Australia as a leading digital economy,” PM&C said.

“Australians have continued to enthusiastically embrace digital technologies,” it said.

“Amidst the challenges and uncertainties of the COVID-19 pandemic, increased digital uptake has supported businesses to continue to operate and grow, and helped Australians stay connected.”

PM&C said the Government’s commitment to the digital economy was proceeding in tandem with major announcements by industry and the business community “who are partnering with Government to invest in new skills and tech capabilities which will lift jobs and investment”.

The 52-page Digital Economy Strategy 2022 Update can be accessed at this PS News link.

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