9th May, 2017
The government is aiming to deliver $75 billion in infrastructure spending out to the 2027 financial year according to the latest Federal Budget.
This spending will be across all of the states, in both regional areas and capital cities with positive flow-on effects for the whole economy.
Well, for starters, if you live next to one of the projects you’re going to know about it.
At a glance, they include:
The big, sexy $75 billion figure comes from the fact the government is trying to lock in infrastructure spending for roughly ten years. (Ten years might be a big ask considering our track record with elections.)
In the short-to-medium term, this spending means these possibilities for SMEs:
While there’s no way to chart what exact impact a particular infrastructure project will have on their surrounding areas in an economic sense, there’s no doubt that there are increased opportunities for smaller businesses and their local communities.
Think of it as a hyper-localised trickle-down effect.