Govt loosens purse-strings with $12b new infrastructure spending

Wed, 11 Dec 2019

The government will loosen the purse strings and fund $12 billion of new spending on roads, rail, schools, hospitals and other public infrastructure over the next five years.Yet the announcements in today’s Budget Policy Statement from Finance Minister Grant Robertson are forecast to be achieved without getting anywhere near the self-imposed upper limit for government debt levels.Precise detail of what those funds will be spent on is yet to be unveiled, with the government keeping that powder dry for announcements early next year, ahead of the...

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