Seven peak organisations, including ALGA, joined to urge for cross-party support to improve long-term infrastructure planning, action on a funding mechanism to support investment in priority projects, and strengthened Parliamentary oversight of public investment decisions.
At a time when interest rates are low, and Australia’s economic credibility remains competitively high, the Federal Government should be prepared to borrow for public infrastructure investment.
The peak organisations support fiscal discipline to reduce budget deficits, however this discipline should not come at the expense of good debt used to invest in productivity-enhancing nation-building.
Posted 28 April, 2017