Australia expected to announce infrastructure spending boost in budget
May 8 The Australian government is expected to announce a major boost to infrastructure spending and measures to address housing unaffordability as it promises to speed up a return to surplus in its annual budget on Tuesday.
Australia's persistent budget deficit has led to lingering concerns about its prized Triple-A credit rating, and Treasurer Scott Morrison plans to differentiate between "good debt" and "bad debt" in this year's spending plan.
Broadly, Morrison is defining money borrowed to fund income-generating infrastructure, such as roads and railways as "good debt", while money borrowed to fund basic costs of annual services the government provides as "bad debt". Full Story