IN RESPONSE TO THE COVID-19 PANDEMIC, IN 2020 THE GOVERNMENT ANNOUNCED A $4b ECONOMIC STIMULUS PACKAGE.
COMMITTED INITIATIVES INCLUDE
|Support for education facilities and non-government schools|
Includes: Non-Government School funding bring forward, acceleration of education capital works, Non-Government schools loan scheme, additional resources for government schools and pre schools
|Payroll Tax relief and deferrals||$352m|
|Investment in Road Infrastructure|
Includes: Road Maintenance stimulus, SE Freeway pavement upgrade, Hahndorf traffic improvements, Road Safety Package
|Investment in other state assets|
Includes: Cultural Institutions Storage Facility, Government Buildings Efficiency Program, Port Bonython Jetty maintenance
|Small Business Grants to 21 360 businesses and not-for-profits||$263m|
|Land Tax relief and deferrals||$213m|
|Sport and Recreation Infrastructure||$204m|
|Digital Restart Fund||$120m|
Includes: Queen Elizabeth Hospital Stage 3, country health asset sustainment
|Local Government Infrastructure Partnership Program|
57 grants to 58 councils
|Housing Construction Stimulus Package||$76m|
RECORD LEVELS OF EMPLOYMENT
Supported by the $4b stimulus package, employment in South Australia recovered swiftly after the COVID-19 trough in May 2020. In May 2021 there were 60 300 more jobs than in May 2020, and the highest number of people employed in South Australia on record.
(Source: ABS Cat 6202.0)
JOBS AND ECONOMIC GROWTH FUND
The Jobs and Economic Growth Fund (formerly the Economic and Business Growth Fund) promotes economic development in South Australia by encouraging growth of existing industries, developing new industries, building international connections and attracting foreign and national direct investment. $444m has been committed to the Fund since its establishment.