Senator Kim Carr

Budget cuts to long-term innovation and industry assistance programs will come at a cost to the nation’s economy, Shadow Research, Innovation and Industry Minister Senator Kim Carr warned today.

“There is widespread anxiety in the business community and start-up sector that the Abbott Government will slash programs which support innovation and business growth in the Australian economy,” Senator Carr said. 

The Abbott Government’s Commission of Audit recommendations would sound the death toll for Australian manufacturing, sending thousands of Australian jobs offshore, Shadow Industry Minister Senator Kim Carr warned today.

“These proposals would undermine our capacity to export goods and services, and replace it with a blueprint to export jobs,” Senator Carr said.