Tag: Infrastructure Spending

LNP, LNP Economic Management

ALAN AUSTIN: Australia’s low infrastructure spend, despite record debt

The latest official figures show Australia’s infrastructure investment has plummeted, reports Alan Austin.

AUSTRALIA HAS BORROWED heavily to weather the recent COVID-induced economic storm. But in contrast to previous major global recessions, it is emerging with virtually nothing tangible to show for the debt incurred.

Source: ALAN AUSTIN: Australia’s low infrastructure spend, despite record debt

LNP Economic Management

Psst, about that lazy $178 billion the banks have parked at the Reserve Bank … – Michael West

Source: Psst, about that lazy $178 billion the banks have parked at the Reserve Bank … – Michael West

LNP, Uncategorized

Construction and national net worth continue to decline under Turnbull

 

Infrastructure is rapidly collapsing in Australia. Not literally. Not yet. But that could happen if current trends continue.

Australia’s investment in infrastructure remains well and truly in the slump that began soon after the 2013 change of government.

This is proven by the latest quarterly construction data from the Australian Bureau of Statistics (ABS), which shows private and government spending on engineering and building projects up to the end of last year.

This matters, not just because it is yet another outcome diametrically opposite to solemn Coalition promises, but because Australia’s national net worth is now declining disastrously.

via Construction and national net worth continue to decline under Turnbull