Planned infrastructure spending fell by nearly $12 billion in real terms this year as skills shortages, cost blowouts and a shake-up of federal government grants forced premiers to rationalise project pipelines.
Just over $256 billion in spending is planned over the next four years, up just $1.8 billion on last year, state and territory budgets show. When adjusted for high inflation – in real terms – the amount is an $11.7 billion decrease.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
