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NATIONAL AFFAIRS: Fund infrastructure with a development bank

Patrick J. ByrneMay 30, 20096 min read

There is a better way to finance infrastructure than relying on budget deficits or raiding superannuation funds, argues Patrick J. Byrne. A development bank would be a better vehicle for investing in nation-building projects – and for rolling over some of Australia’s huge foreign debt.The federal budget announced $22 billion for new infrastructure projects, which KPMG accountants estimate will actually cost $80 billion.…

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