Between the start of the pandemic and the end of the 2021-22 financial year,The West Gate Tunnel project in Melbourne.The bulk of the underspend occurred during the past two financial years of the coronavirus pandemic. In each, governments spentThe remaining $6 billion shortfall occurred during the first national lockdown in early 2020.
Dr Chalmers and Finance Minister Katy Gallagher last week revealed the federal budget bottom line in 2021-22 came in about $48 billion better than forecast in March,According to a report being released on Tuesday by the National Housing Finance and Investment Corporation , building material and labour cost inflation rose at its fastest pace in nearly 50 years in 2021-22.
NSW’s $113 billion, four-year infrastructure pipeline is the largest in the nation and then-state treasurer Dominic Perrottet told theBut just a few months later, Infrastructure and Cities Minister Rob Stokes conceded the government was getting ready to delay several multibillion-dollar mega-projects due to rapidly escalating costs and labour shortages.
In comparison to other jurisdictions, Queensland has largely been able to meet its spending commitments. It’s shortfall last year was just 3.5 per cent, and STasmania, on the other hand, is only assumed to deliver between 70 per cent and 80 per cent of its four-year, $5.6 billion capital plan.
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