Australia is facing a major shortfall in funding for critical infrastructure, according to a report from the Group of 20 (G20). The report, details of which were released by Fairfax Media, found that Australia has to spend an extra 230 billion Australian dollars (161.8 billion U.S. dollars) on infrastructure by 2040 to deal with its growing population. It said that the government, led by Prime Minister Scott Morrison, should significantly increase its infrastructure spending by 0.35 percent of Gross Domestic Product (GDP), the equivalent of seven billion Australian dollars (4.92 billion U.S.dollars) in 2019 alone. ... (full story)