Posts Tagged ‘Prime Minister ready to BORROW CASH’
PM Kevin Rudd ready to borrow cash
THE Federal Government is prepared to become a borrower for the first time in more than a decade to fund its ambitious infrastructure building program.
Kevin Rudd is considering becoming the first Prime Minister in more than 12 years to take on net debt, The Daily Telegraph has learned.
Mr Rudd wants to fund massive improvements to city and regional transport systems, and he wants the “nation building” projects running as quickly as practically possible.
The Government has already outlined projects to be paid for from the $20 billion Building Australia fund coming out of consecutive Budget surpluses.
Extra money could come from loans, possibly through bonds sold to the public.
The Daily Telegraph has learned that Mr Rudd has discussed the potential for capital works loans with senior colleagues including Infrastructure Minister Anthony Albanese.
*source
news.com.au
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