The Australian Federal Government has announced almost $A40 billion of new spending across the five years from 2021-22, comfortably beating ANZ Research expectations.
Importantly, more than half is set to occur in the current financial year and 2022-23. This adds to demand at a time when the economy is already strong.
You can see some the key details in the easy-to-read and easy-to-share infographic below.
David Plank is Head of Australian Economics at ANZ
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