RBA and ScoMo are at loggerheads over the bubble

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Billions of dollars of congestion-easing infrastructure projects that could boost the economy and increase safety are stuck years down the track as the Reserve Bank of Australia calls on the Morrison government to do more.

As Prime Minister Scott Morrison promises to pull forward some infrastructure projects, an analysis of the federal budget and the government’s election promises shows upgrades to clogged highways across northern NSW, rail lines in Victoria and ring roads in Queensland could be ramped up without busting the surplus.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.