This included $15.2bn and $28.5bn Australian dollars the federal government recently announced in infrastructure spending and tax measures.
â[The Australian infrastructure spending] is a lot. That is one-and-a-half times the normal level of investment in transport,â says the Grattan Instituteâs transport and cities program director Marion Terrill.
âThe budget took us back to transport megaprojects. And thatâs after a short break in the past budget where the biggest single contribution from the commonwealth was $750m. In this budget the commonwealth put in $2bn or more into three whopping great big projects.â
The budget included $2bn for an intermodal terminal in Melbourne, $2.6bn for the Anzac Highway in South Australia and $2bn for the Great Western Highway in NSW.
How do central banks collaborate in the field of research? cnb.cz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnb.cz Daily Mail and Mail on Sunday newspapers.
FMD
Angel Gurría is
Secretary-General of the OECD. Gurría came to the OECD following a career in public service, including two ministerial posts. As Mexico’s Minister of Foreign Affairs from 1994 to 1998 and Mexico’s Minister of Finance and Public Credit from 1998 to 2000. As OECD Secretary-General, since June 2006, he has reinforced the OECD s role as a “hub” for global dialogue and debate on economic policy issues while pursuing internal modernisation and reform. Under his leadership, the OECD has expanded its membership to include Chile, Estonia, Israel and Slovenia and opened accession talks with Russia. It has also strengthened its links with other major emerging economies, including Brazil, China, India, Indonesia and South Africa, with a view to possible membership. The OECD is now an active participant in both the G-8 and the G-20 Summit processes. Mr Gurría has also reinforced the impact of OECD work in several domains, and has steered the launching of hig
The EU’s fiscal rules have been suspended until at least the end of 2021. When they are reinstated, they will need to be modified, if only because of the high levels of debt. Proposals have been made suggesting various changes and simplifications. The gist of most proposals is to retain the 60% debt ratio as a long-term debt anchor and a dividing line between the fiscal rules that apply for countries with debts above and below, while replacing the plethora of existing rules and procedures with an expenditure rule that allows fluctuations in the deficit driven by cyclical changes in revenue.
Access to COVID-19 vaccines: Global approaches in a global crisis
╳
Abstract
Following the extraordinarily rapid development of COVID‑19 vaccines, immunisation is underway in many OECD countries. However, demand will continue to outstrip supply for some time and currently, distribution is strongly skewed in favour of high-income countries. This both inequitable and inefficient. Directing vaccine to where need is greatest would maximise the number of lives saved and speed bringing the pandemic under control, by slowing transmission and reducing the likelihood of the emergence of viral variants of concern. Governments should therefore act now to accelerate vaccination globally, regardless of international borders, by reallocating supplies to areas of greatest need; continuing the scaling-up of production; ensuring that necessary logistics and health care infrastructure are in place; providing further financial and in-kind support to COVAX; and developing long-term strategies tha