Westpac with the note.
Capex Spending Plans
Today’s release also provided an update on expected capex spending over the 2024-25 FY.
Estimate 3 for the 2024-25 FY came in at $170.7bn, around 8.2% higher than the same estimate last year.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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