Published: January 16, 2019
With the Coalition focused on tax cuts, the opposition has a chance to spend on infrastructure and drive growth
The release at the end of last year of the mid-year economic and fiscal outlook was notable mostly for the big chunk of money allocated for tax cuts to be announced in the either the election campaign or the budget in April (which will double as the start of the election campaign). The latest building activity figures, however, suggest that the need for public infrastructure works and spending remains and is an alternative to yet again reducing the government’s capacity for raising revenue.
God bless public infrastructure. That and our continued low interest rates have been the big reason for economic activity in Australia.
Continue reading...from The Guardian http://bit.ly/2Rud3NQ
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