Vic Government calls out Budget’s infrastructure bluff

Wednesday 3 April 2019

Last night’s Federal Budget trumpeted the $100 billion of earmarked infrastructure spending over the next 10 years, which Treasurer Josh Frydenberg claimed would “ease congestion in our cities… unlock the potential of our regions… better manage population growth… [and] improve safety on our roads”.

As I noted last night, “this level of infrastructure investment still won’t be nearly enough to keep up with the 3.5 to 4.0 million population growth expected to be added over this 10-year period, nor backfill the infrastructure deficit that has accumulated over the past 15 years as Australia’s population has soared”:

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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.