New economic stimulus package to drive SA jobs and economy in wake of bushfires, coronavirus

An immediate economic stimulus package, worth $350 million, announced by the Marshall Liberal Government on Wednesday, responds to state threats. Photo: Supplied
An immediate economic stimulus package, worth $350 million, announced by the Marshall Liberal Government on Wednesday, responds to state threats. Photo: Supplied

The roll out of a state economic stimulus package, worth $350 million, is expected to secure jobs in the wake of the ongoing impact of bushfires, drought and coronavirus.

Effective from Wednesday (today), the plan will help drive the South Australian economy and secure local jobs in the wake of the ongoing impact of bushfires, drought and coronavirus.

According to the Marshall Government, the package will be supportive of a host of major infrastructure projects.

Funds will assist road and hospital upgrades, new tourism infrastructure and an expanded Economic and Business Growth Fund to support local industry are the centrepiece of the new package, which is expected to sustain hundreds of jobs across the state with construction to begin in coming weeks.

It follows a significant $22 million state government injection in nature-based tourism infrastructure to boost employment and the long-term visitor economy in hard-hit regions.

Premier Steven Marshall said the government was acting 'swiftly and decisively' to deliver a state-wide response to the Coronavirus crisis.

This includes safeguarding the state's economy and employment against the "simultaneous shocks" of rapidly evolving national and international events.

"While we are not immune from the impacts of this global crisis, this package will go some way to assist us minimise the inevitable shocks to come," Premier Marshall said.

"We are a team with a strong plan in place and our actions to date should fill the community with confidence, knowing they have a Government willing to do whatever it takes to manage these challenges."

The Premier said government's "top priority" with the health, safety and wellbeing for South Australians is to ensure the economy is well-positioned.

"...to emerge stronger and more resilient as a result".

"We simply will not sit back and allow the economy to be put on ice."

Projects to be funded under the government's economic stimulus package must meet certain criteria, including the ability to start works within a short period of time, they must be labour-intensive and/or require significant local purchasing of materials, services and supplies.