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This included $15.2bn and $28.5bn Australian dollars the federal government recently announced in infrastructure spending and tax measures. “[The Australian infrastructure spending] is a lot. That is one-and-a-half times the normal level of investment in transport,” says the Grattan Institute’s transport and cities program director Marion Terrill. “The budget took us back to transport megaprojects. And that’s after a short break in the past budget where the biggest single contribution from the commonwealth was $750m. In this budget the commonwealth put in $2bn or more into three whopping great big projects.” The budget included $2bn for an intermodal terminal in Melbourne, $2.6bn for the Anzac Highway in South Australia and $2bn for the Great Western Highway in NSW.

United statesUnited kingdomSouth koreaMarion terrillRichard holdenCeyhun elginGokce basbugAbdullah yalamanBrian ocallaghanCentre for economic policy researchGrattan instituteOxford university economic recoveryUniversity of new south walesYonhap news agencyNew south walesReserve bank