Budget Deficit

UK Public Borrowing Overtakes Financial Crisis Peak

LONDON—British public borrowing surged again in August to a new record high, driven by huge outlays to combat the coronavirus pandemic, with the budget deficit so far this tax year overtaking its full-year peak during the global financial crisis. The government has now borrowed 173.7…

Melbourne’s West Gate Tunnel Project Faces $3Bn Blowout

The cost of Melbourne’s West Gate tunnel project could blow out to nearly $10 billion, according to a report. Already delayed because of a dispute over contaminated soil from the construction site, the project now might cost an extra $3 billion. Leaked state government reports…

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