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Exact(8)
The overshoot is also driven by the increases in infrastructure spending Hammond announced.
Revenue growth has accommodated sizable increases in infrastructure and social spending".
"Trump's plans to use tax cuts and increases in infrastructure spending to boost the US economy seems to be sending a clear signal that government fiscal stimulus and not central bank monetary policy should do the heavy lifting to galvanise the economy.
Tax cuts for working families, tax cuts directly aimed at expanded hiring or increases in infrastructure investment would have much more bang for the buck and would cost much less in terms of forgone revenue and deficit reduction in the future.
There might at some point be a risk that rapid increases in infrastructure spending will lead to Japan-style highways to nowhere, but there is really no need to worry at the moment that new subway lines in New York City, or new roads in Pennsylvania, and so forth, will go unused.
You will also likely face unexpected increases in infrastructure costs to support unpredictable demands on your usage.
Similar(51)
That was the first quarter-on-quarter increase in infrastructure for more than a year.
The Jobs Council report recommends a significant increase in infrastructure investment but does not set a target.
Some increase in infrastructure spending was to be expected after a series of floods late last year.
By mid-year, the government's planned massive increase in infrastructure spending will boost imports of raw materials and machinery.
The best legal option is to couple a dramatic increase in infrastructure spending with bond-buying by the ECB.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com