• RCS Ottawa

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



Recent Posts

See All

RCS Ottawa

Basil Crozier - Chair


© 2020 By Royal Commonwealth Society Ottawa  Charity# 119128916RR0001

established 1968