SYDNEY (REUTER) - Australia will spend one billion Australian dollars (S$982.62 million) to upgrade defence facilities, offer additional paid employment to army reservists and upgrade military vehicles, Prime Minister Scott Morrison will say on Wednesday (Aug 26), as Canberra seeks to support its defence industry amid a Covid-19-triggered recession.. Read more at straitstimes.com.
SYDNEY - Australia will spend A$1 billion to upgrade defence facilities, offer additional paid employment to army reservists and upgrade military vehicles, Prime Minister Scott Morrison will say on Wednesday , as Canberra seeks to support its defence industry amid a Covid-19-triggered recession.
Australia has so far promised to spend about A$260 billion in stimulus to support its allaying economy. "Like much of the economy, our local defence industry is doing it tough because of Covid-19. This is especially so for small and medium-sized businesses, that are critical to jobs," Mr Morrison will say on Wednesday according to extracts of a speech sent to Reuters.
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