OZschwitz treasurer: Governments have run out of money to fund infrastructure, 'therefore we need you and we need your money'

Treasurer Joe Hockey says governments are out of money and can only fund vital infrastructure with funds from the private sector.

OZschwitz treasurer: Governments have run out of money to fund infrastructure, 'therefore we need you and we need your money' Ac-hockey-main-20140718105302832674-620x349

OZschwitz treasurer: Governments have run out of money to fund infrastructure, 'therefore we need you and we need your money' Ac-hockey-main-20140718105302832674-620x349

Mr Hockey told the B20 summit of business leaders in Sydney that infrastructure is a key part of meeting a 2 per cent increase in global economic growth set by G20 leaders.

However, it could not be funded by further easing of interest rates or stimulus programs from governments.

''Governments basically all around the world have run out of money,'' he told the gathering of 400 business chiefs from the world's biggest economies.

''How can we have a growth agenda with tightening monetary policy and tightening fiscal policy?

''Governments have run out of money to fund the infrastructure needs that the community has and therefore we need you and we need your money.''

http://www.smh.com.au/federal-politics/political-news/governments-have-run-out-of-money-to-fund-infrastructure-says-joe-hockey-20140718-3c58j.html
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OZschwitz treasurer: Governments have run out of money to fund infrastructure, 'therefore we need you and we need your money' PgkowJT

OZschwitz treasurer: Governments have run out of money to fund infrastructure, 'therefore we need you and we need your money' PgkowJT

OZschwitz treasurer: Governments have run out of money to fund infrastructure, 'therefore we need you and we need your money'

OZschwitz treasurer: Governments have run out of money to fund infrastructure, 'therefore we need you and we need your money'

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