"With the cost of the floods still rising, the question of how to pay for rebuilding has come to the fore.
There is an inescapable reality: with swaths of our capital stock damaged or destroyed, we are significantly poorer than we were only weeks ago. Belt-tightening is therefore required. But it is also crucial to rebuild on a basis that better manages future risks."
Click here to read the article at The Australian website, or on the link below to download a pdf.