The Australian Financial Review reports that the Albanese government’s A$23 billion Future Made in Australia program has allocated almost no funding to address risks identified by the government’s key adviser on supply chain vulnerabilities, despite the prime minister pledging to invest in making the economy more resilient to international shocks.
USSC Non-Resident Senior Fellow Dr John Kunkel spoke with the AFR on this development, saying the fuel shock caused by the war in the Middle East had exposed the Future Made in Australia agenda as not being prepared for the current volatile geopolitical and economic environment.