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The Commonwealth government has released its 2021-22 budget, which includes funding for the Digital Economy Strategy, partly aimed at bolstering cyber resilience.
Treasurer Josh Frydenberg has unveiled the Commonwealth government’s 2021-22 budget, which includes $1.2 billion for the Digital Economy Strategy.
This includes over $124.1 million to improve Australia’s research and industry capability in artificial intelligence and the establishment of a National Artificial Intelligence Centre led by CSIRO.
The Digital Economy Strategy is also expected to fund the development of digital skills and incentivise businesses and the training of “the next generation of cyber security experts”.
The government has also committed an additional $1.9 billion over the next decade to bolster Australia’s national security, law enforcement and intelligence capabilities.
Of these new funds, $1.3 billion will be provided to the Australian Security Intelligence Organisation (ASIO), in a bid to support its technological capabilities.
The Australian Criminal Intelligence Commission will be provided with $51.8 million to support its efforts to curb “transnational, serious and organised crime”.
The $1.9 billion investment also includes $464.7 million to strengthen Australia’s domestic detention capabilities and a further $38.1 million to support Indonesia with its “irregular migrant population”.
These measures are in addition to the $270 billion committed to enhancing defence capability over the next decade.
Late last month, the government revealed that of the $270 billion, $747 million would be set aside for upgrades to Defence bases in the Top End, as part of a broader $8 billion commitment over the next decade.
The Robertson Barracks Close Training Area, Kangaroo Flats Training Area, Mount Bundey Training Area and Bradshaw Field Training Area are among the Defence facilities expected to benefit from the investment.
The upgrades, which are subject to parliamentary approval, are set to commence later this year, with the projects expected to be completed by mid-2026.
News Editor – Defence and Security, Momentum Media
Prior to joining the defence and aerospace team in 2020, Charbel was news editor of The Adviser and Mortgage Business, where he covered developments in the banking and financial services sector for three years. Charbel has a keen interest in geopolitics and international relations, graduating from the University of Notre Dame with a double major in politics and journalism. Charbel has also completed internships with The Australian Department of Communications and the Arts and public relations agency Fifty Acres
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