With the net debt of Australia’s state governments set to rise sharply in coming years to finance infrastructure projects for Australia’s population ponzi, analysis shows they have almost $220 billion worth of assets that could be privatised. Accordingly, IFM Investors CEO, Brett Himbury, is calling for further asset sales to the nation’s superannuation funds. From The AFR:
State governments are sitting on almost $220 billion in public assets which could be sold to help deliver much-needed infrastructure without leaving debt bombs to be paid off by future generations…
Figures compiled by The Australian Financial Review show Queensland has the most publicly-owned saleable assets on their books, with $67.4 billion, followed by NSW ($59.4 billion), Western Australia ($34 billion), Victoria ($24 billion), ACT ($15 billion) and South Australia ($10 billion)…
