NSW and Victoria are calling on Treasurer Josh Frydenberg to bring forward infrastructure projects as treasurers head to Canberra amid deepening concerns about the state of the economy despite falling interest rates and income tax cuts.
Ahead of a Friday meeting of the nation’s treasurers and as evidence grows that business and consumer confidence is ebbing, the states believe the Morrison government has to do much more financial heavy lifting to boost the national economy.
NSW Liberal Treasurer Dominic Perrottet and his Victorian Labor counterpart Tim Pallas will focus on fast-tracking infrastructure projects, while Western Australia’s Ben Wyatt believes Newstart needs to be increased.
Sensible enough. Infrastructure has stalled out as the NBN rolls off:
It’s all a bit complicated for the L-plated Treasurer, Josh Recessionberg, who is so focused on crashing interest rates to restore the house price bubble for the Property Council PM that he has forgotten there is an economy to manage:
Well the state treasurers might be shocked!