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Comment (AN unprecedented $20 billion splurge on infrastructure projects in the Rudd Government's first budget is expected to deliver a sustained boost to Australia's building and construction groups as a fresh generation of roads, bridges and port facilities begins to go to tender in coming years.
The budget includes $7 billion in government savings that Treasurer Wayne Swan hopes will help cut inflation and reduce pressure on interests rates, both of which would weigh on the dollar.
The Australian Chamber of Commerce and Industry said the Government would need to do more to keep inflation in check.
"The budget will be good for the economy, although more will need to be done to take pressure off interest rates," ACCI chief executive Peter Anderson said.
Australian Industry Group chief Heather Ridout was supportive of the budget, calling the spending cuts "hard-nosed".
"By more than offsetting new spending with savi...
