Original article by Adam Creighton
The Australian – Page: 6 : 28-Nov-19
The Parliamentary Budget Office has forecast that Australia’s net infrastructure investment will peak at $38bn in 2019-20, before falling over the next three years. This is primarily due to expectations that the net debt of the state governments will blow out to around $156bn by 2022. This would constitute the states’ highest share of public debt in two decades.
AUSTRALIA. PARLIAMENTARY BUDGET OFFICE