JOHN AUSTEN. Road spending incurs billion dollar new debts annually - nobody notices (Repost from 27 June 2016)

July 25, 2017

It’s traditional that election time in Canberra brings out the road lobbies who ask for ‘all that extra cash’ which governments raise from fuel excise to be ‘put back into our roads’. The problem is that the facts no longer bear this out. Australia is spending more on roads than it collects from fuel excise and vehicle registrations. It is going into more and more debt to build roads. What is worse, it appears that official figures are being fudged to obscure this inconvenient truth from scrutiny – lest it get in the way of more promises for more and more...