Advertisement
Fairfax’s Peter Martin has today questioned why the federal government doesn’t use today’s record low borrowing rates to renew Australia’s infrastructure:
Borrowing for long-term projects has served Australian governments and corporations well. With the interest rate currently on offer at all-time low (just a touch above the long-term rate of inflation), it is almost being offered money for nothing…
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Advertisement