row2_column2

• Public investment is essential for increasing our economic development, productivity, and resilience. This investment improves, rather than undermines, our long-term fiscal sustainability.  
• Expenditure cuts can deepen economic downturns and economic inequality, increase unemployment and reduce output.  
• Public investment decisions should be guided by social and economic outcomes and consideration of the real economic constraints of delivering these, not by narrow fiscal targets divorced from their economic implications.    
• The risks and costs of underinvestment are as significant as the risks of excessive debt.