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December 9, 2019

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Australia expected to announce infrastructure spending boost in budget

May 8, 2017

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

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December 8, 2019

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RCS Ottawa

Basil Crozier - Chair

Chair@rcs-ottawa.ca 

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