PHOTO:ANDY JACKSON/STUFF The Government is splashing out on infrastructure.
The Government is promising to double its state house building efforts, with 8000 new homes pledged in the 2020 Budget.
The $5 billion house building effort is expected to roll out over the next five years, and $570 million in rent subsidies — used to fund the building or acquisition of state homes — has been included in the Budget.
Housing and infrastructure loomed large in the spending announced by the Government on Thursday. On top of the thousands of state homes promised, there was $56m for insulating 9000 old homes, and a $3b boost for infrastructure projects.
The Government has pitched the Budget as a $50b response to the coronavirus crisis, the fine print including $16b of funding announcements for 2020, $14b spent in recent months, and another unallocated $20b in the back pocket in case it’s needed.
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