Budget 2021: Treasury predicts solid growth on boost in infrastructure spending
(Photo / NZ Herald)
Thu, 20 May 2021, 2:33PM
The economy is expected to grow at a healthy clip and unemployment to fall close to 4 per cent in the coming years, with a big increase in infrastructure spending driving rosy forecasts from the Treasury.
Finance Minister Grant Robertson's 2021 Budget includes $57.3 billion in infrastructure spending between 2021 to 2025, increasing what was already a large increase in the 2020 Budget.
As well as further boost in funding for rail, including $85 million for carriage assembly at Hillside in Dunedin, more than $630m for school property, $300m for Scott Base and another $300m for the Green Investment Fund.