Public borrowing for infrastructure investment

"As interest rates are at low levels by historical standards, federal and state governments, despite their public debt levels, should be borrowing more than they currently are to invest in infrastructure".

Collaborator credits: we would like to thank Professor Tony Makin for his assistance in framing this poll question and for his expert overview of the results.

Overview of poll results by Professor Tony Makin

Tony Makin

Professor Tony Makin

By Tony Makin, Professor of Economics, and Director, APEC Study Centre, Griffith Business School

While murmurs from market hawks grow louder that the Reserve Bank of Australia should raise the cash rate from its historic lows, an overwhelming majority of ESA panellists agree governments should be spending more on infrastructure funded by additional borrowing.

Read more

response graph Q22 1

NEP Q22 graph