The states are heaping pressure on the federal government to bring forward spending on big infrastructure projects as they become increasingly nervous about the health of the economy.
The Prime Minister has set aside $100 billion to spend on transport and infrastructure projects over the next decade, but treasurers want the timeline sped up to inject more money into the economy. The Reserve Bank Governor has also called on the Coalition to borrow more money to spend on big-ticket projects. Dr Philip Lowe is worried slashing the interest rate will not be enough to ward off a potential recession.
ZedSeselja If the outlooks strong why 2 cuts in 3 weeks? bullshit
ZedSeselja The only time there was this low infrastructure building was under Howard..... Hmmmmm trend emerging