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An application for an experimental $4.6 billion stimulus application for infrastructure, technology and digital services in Australia has been launched.

The application is part of the Government’s response to the global financial crisis and the challenges that it has presented to the economy.

“We are the fastest-growing country in the world, but we are also one of the poorest,” Prime Minister Tony Abbott said in announcing the proposal, adding that the proposed stimulus would help Australians get ahead.

“This program will create more jobs than any other investment program ever undertaken in the country, and will create hundreds of thousands of jobs over four years.”

It is an extraordinary opportunity to build on the successes of the past five years to provide Australian workers with a second chance at success,” Mr Abbott said.

Mr Abbott also announced a new National Investment Strategy, which included funding for $20 billion of infrastructure projects in the next five years, including $7 billion for the Perth rail link.”

Our new National Infrastructure Strategy is the first step in the long journey to create the infrastructure Australia needs to compete with China, India and other world powers,” Mr Turnbull said.

Topics:government-and-politics,government-areas,business-economics-and the-media,wealth-and_government,australiaFirst posted April 23, 2020 16:31:00Contact Emily Green