top of page

Australia expected to announce infrastructure spending boost in budget

RCS Ottawa

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

Recent Posts

See All

"The Social Dilemma"

Social media, by design nurtures addiction in order to maximize advertising profit. Social media platforms use "notifications" and...

RCS Ottawa

established 1968

Basil Crozier - Chair

Chair@rcs-ottawa.ca 

© 2024 By Royal Commonwealth Society Ottawa  Charity# 119128916RR0001

bottom of page