$4 BILLION

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
$657m
Payroll Tax relief and deferrals$352m
Investment in Road Infrastructure
Includes: Road Maintenance stimulus, SE Freeway pavement upgrade, Hahndorf traffic improvements, Road Safety Package
$317m
Investment in other state assets
Includes: Cultural Institutions Storage Facility, Government Buildings Efficiency Program, Port Bonython Jetty maintenance
$297m
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
Health Infrastructure
Includes: Queen Elizabeth Hospital Stage 3, country health asset sustainment
$118m
Local Government Infrastructure Partnership Program
57 grants to 58 councils
$107m
Fee relief$84m
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.