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ABC News
ABC News
Business
political reporter Nicole Hegarty

Albanese government's $15 billion manufacturing fund passes Senate – so what does it mean?

Australia Ed Husic Sussan Ley the National Reconstruction Fund Greens OECD
Manufacturing has been in decline in Australia for a number for decades. (Supplied: AML3D)

The federal government is celebrating the passage of its manufacturing investment scheme, the National Reconstruction Fund, through the Senate after it landed the support of the crossbench.

The $15 billion fund is aimed at broadening Australia's domestic industrial base and reducing the nation's dependence on imports.

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