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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.
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David Plank is Head of Australian Economics at ANZ
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.
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anzcomau:Bluenotes/global-economy,anzcomau:Bluenotes/business-finance
Budget 2022-23: in pictures
2022-03-30
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