Biden’s US$2. 25 trillion infrastructure plan boldly recognises public sector role

Published Apr 04 2021 at 5:00 PM GMT
Key
Points
  • President Joe Biden’s bold infrastructure plus social welfare spending package in effect acknowledges China’s lead as a global infrastructure power, and the need for America to catch up in this regard.
  • But it also represents a major US concession to the role of the public sector.
  • These facts have been obscured by the size of the projected spending – US$2.25 trillion on infrastructure, clean energy, digital upgrading and others, with perhaps a further US$1 trillion to come for health and….




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  • Published Apr 4, 2021 5:00 PM GMT