07 Oct What Does the Federal Budget Mean for Govt IT Projects?
The government recently released the Federal Budget for 2020-21, which incorporates a considerable focus on economic recovery and job creation. There’s plenty of good news for many Australians, particularly those involved in public sector IT projects, with billions of dollars in funding being pledged.
The spending is a reflection of the vital role that the Technology industry will play in driving Australia’s recovery and long-term resilience, and in addition to bolstering a number of major projects that are already underway, it is likely to be a driving force behind job opportunities, organisational growth and many exciting new projects in the near future.
Whether you are a contractor, employee leader in the Technology & Digital space, here’s what you need to know about the budget at a glance:
- The big winners related to ICT are: Services Australia, the Australia Electoral Commission (AEC), the Department of Home Affairs, the Department of Agriculture, Water and the Environment (DAWE), the Department of Education, Skills and Employment (DESE) and the Department of Veterans’ Affairs (DVA)
- An almost $800 million Digital Business Plan is set to drive Australia’s digital economy by 2030
- Services Australia will receive a $500 million boost for its Welfare Payment Infrastructure Transformation (WPIT) program and an additional $116.3 million for the second phase of its Medicare payments system modernisation project, along with $22.5 million in funding over two years to support the myGov system
- $295.9 million over four years will fund a new digital employment services platform
- The DESE will receive $91.6 million over four years for a new apprenticeships data management system
- $105 million will be delivered over four years to strengthen the Australian Transaction Reports and Analysis Centre (Austrac)
- A percentage of a $39.2 million PM&C package will go towards new IT systems for the Office of the National Data Commissioner
- $35.6 million is set aside for the Government Enterprise Resource Planning (GovERP) system
- $222 million will fund the first phase of modernisation for the DAWE’s IT system
- $18.6 million is pledged to improve the IT systems that support MBS telehealth services
- A sum of $97 million is to be provided for the AEC’s modernisation program
- $25.4 million will go to the Digital Transformation Agency (DTA) and Services Australia to support digital transformation and IT systems improvements
- $64.1 million is set aside to commence scoping work on data sharing and analytics for the DVA
- An undisclosed amount will be spent on data storage at the Department of Home Affairs
If you’d like to learn more about how the new Federal Budget will impact IT or want to be the first to know about the opportunities that will emerge over the coming months, speak to the Emanate Technology team.