Science And Research Infrastructure Promised $1.9 Billion In Government Funding

Image: CSIRO

In tonight's Federal budget, "boosting innovation with science and research infrastructure" was allocated 1.9 billion over the next 12 years - that's going towards health, manufacturing, agriculture, satellites for our GPS usage - and our space agency.

"This brings total Government investment in national research infrastructure through the National Collaborative Research Infrastructure Strategy to $4.1 billion over 12 years," the Budget 2018 website reads.

$225 million is going towards satellite positioning across Australia (that's the GPS part), and the yet-to-be-officially-named National Space Agency - rumoured to be scoring $50 million - will be getting $41 million.

"This will help Australian businesses capture more of the US$340 billion a year global space industry," the statement reads.

The Government says this funding will also support Australia's medical research sector, "which has made breakthroughs like a new needle–free way to deliver vaccines and the cervical cancer vaccine"..

Australia's artificial intelligence (AI) and machine learning capability is a focus too - "to keep pace with global progress and improve our existing expertise in these technologies to maintain our competitiveness".

Here's The Full 2018 Australian Federal Budget Speech

Treasurer Scott Morrison handed down the 2018-2019 Australian Federal Budget tonight - here is the speech in full.

Read more

Yearly Power Bills To Fall By $400 From 2020

The 2018-19 budget has revealed that annual power bills will fall by $400 on average for every Australian household from 2020.

Read more

Trending Stories Right Now