Cameron Atfield reports in the Brisbane Times (30.8.16) on an analysis of ABS data showing a continuing downward trend in governments’ infrastructure investment in Australia.
‘Future generations will rue present governments’ reluctance to borrow money to fund infrastructure, a multinational consultancy has warned as Queensland’s public spending sank to a 10-year low.
‘An RPS Group analysis of Australian Bureau of Statistics data showed the public sector spent $1.3 billion on infrastructure in the March quarter, which was the lowest level since 2006 and half the rate of expenditure seen five years ago.
‘RPS Group regional technical director of economics Mark Wallace said infrastructure spending was vital to stimulate the economy, particularly at a time when other sectors were in the midst of downturns.’
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