May 10, 2017

Turnbull avoids the truth about his big cuts to infrastructure investment

Malcolm Turnbull has flatly denied the figures that are outlined in his own Budget papers that reveal that infrastructure funding this year has been slashed by $1.6 billion from a promised $9.2 billion to $7.6 billion.

In Question Time today I asked the Prime Minister to confirm these figures.

He simply ignored my question.

Despite his spin, Mr Turnbull has cut infrastructure investment.

Worse still, Budget Paper No. 3 shows that in coming years, total Federal infrastructure investment will fall further off a cliff, dropping to $4.2 billion by 2020-21 – see graph below.

That’s why peak infrastructure industry group Infrastructure Partnerships Australia last night said: “Real budgeted capital funding to its lowest level in more than a decade’’ and noted that the Government had attempted to use a combination of underspending, re-profiling and spin to conceal cuts.