Last week, Infrastructure Partnerships Australia CEO, Adrian Dwyer, accused the Turnbull Government of reducing infrastructure investment and called for an extra $7.5 billion in infrastructure spending over the next four years to offset a decline in such expenditure over the last decade:
“The bottom line is the long-term 10-year trend has been 1.5 per cent of government spend on infrastructure over the forward years,” Mr Dwyer said.
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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.
