Infrastructure binge to dig country out of recession
Infrastructure binge to dig country out of recession
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Governments across the country will inject an extra $46 billion into the economy through roads, school upgrades and social housing to help drag the economy out of the coronavirus pandemic over the next four years.
Analysis compiled by Infrastructure Partnerships Australia shows the response by federal, state and territory governments will be worth almost $17 billion extra in spending on infrastructure in the current financial year before stepping up even further in 2021-22.
The Melbourne Metro project, due for completion in 2025, is one of the many infrastructure projects helping support the economy out of the pandemic recession.
Queensland second-last for infrastructure spending: Report
Politics by Thomas Morgan
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Subscriber only Queensland s hamstrung budget has resulted in the state ranking second-last for infrastructure spending, according to a new report released overnight. It comes after Queensland last week was also revealed to be the second worst state for unemployment, with the Australian Bureau of Statistics projecting our joblessness rate was sitting at 7.7 per cent. The 2020 Australian Infrastructure Budget Monitor ranked only Western Australia worse than the Sunshine State in terms of infrastructure spending as a proportion of total government spending due to a constrained balance sheet . A spokesman for Treasurer Cameron Dick said Queensland would be only one of two states whose economy has grown in 2020. Picture: Josh Woning