The move follows the advice of the Reserve Bank before the coronavirus pandemic,when it urged the federal government to pick up infrastructure spending to stimulate the economy.
Mr Morrison will tell the Committee for Economic Development on Monday that the government will focus on increasing productivity,environmental management through"caring for country"and,in a nod to ongoing diplomatic tensions with China"maintaining our outward-looking,open and sovereign trading orientation".
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"Our No.1 priority is getting people back into jobs,"he will say,according to an advance copy of his speech.
The government now expects unemployment to peak at 8 per cent in September,lower than initial forecasts of 10 per cent. A figure of 8 per cent would still be the highest unemployment rate in more than two decades,but expectations of double-digit joblessness have been tempered by the $1500-a-fortnight JobKeeper subsidy. The scheme,which has cost $13 billion to date,is supporting about 3.3 million jobs,according to Treasury figures.
"As we come out of the COVID crisis,infrastructure can give us the edge that many countries don’t have,"Mr Morrison will say.