The Treasurer, Scott Morrison, strayed into some rather silly territory this week in a speech seeking to lay down a new set of markers for the budget, divvying up government debt into “good” and “bad” debt. In a small way, it’s nice to have a concession at last – that government debt is not always…
Leading economists have expressed unease about a budget change that would allow the government to all but eliminate the deficit within two years while borrowing to help build projects including a rail link to Sydney’s second airport and a rail line from Melbourne to Brisbane. The change, unveiled by Treasurer Scott Morrison on Thursday, will prioritise a…
U.S. President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis. Trump issued a Twitter blast aimed at efforts to help the island cover its Medicaid costs an issue…
European Commission President Jean-Claude Juncker urged euro zone countries to draw up more debt relief measures for Greece next month, saying Athens needed help after making huge progress in its economic reforms.Euro zone finance ministers will meet in Brussels on May 22 to discuss progress made in talks to conclude Greeces crucial bailout review which…
SAN JUAN, Puerto Rico (AP) U.S. President Donald Trump said on Thursday that he is opposed to a push to help Puerto Rico resolve its $70 billion debt load as the U.S. territory faces looming austerity measures amid a deep economic crisis. Trump issued a Twitter blast aimed at efforts to help the island cover…
The Turnbull government will help fund inland rail and is almost certain to build, own and operate the $6 billion second Sydney airport, after Treasurer Scott Morrison paved the way for an infrastructure splurge by changing the way debt will be classified in the budget. Prime Minister Malcolm Turnbull all but confirmed that so-called “good…
My mother recently received a bill from a medical collection agency for lab work performed at a hospital 200 miles from her home that she has never visited. In the end after several phone calls and a lengthy complaint letter the debt was identified as a free, at-home, mail-in screening she had been provided by…
Guidebooks for managers the world over dispense oodles of tips on how to run a slick and efficient machine foremost among them is the old adage “if you can’t measure it, you can’t manage it”. As he grapples with Government debt, Scott Morrison is re-writing the rulebook. He can measure debt, down to the…
By Renee Maltezou and Lefteris Papadimas | ATHENS Greece’s prime minister held out for a commitment from lenders to debt relief on Tuesday, and said he was confident new talks in Athens over a long-stalled bailout review would reach a deal by a May 22 target. Talks over reforms in the energy and labor market…
ATHENS (Reuters) European Commission President Jean-Claude Juncker urged euro zone countries to draw up more debt relief measures for Greece next month, saying Athens needed help after making huge progress in its economic reforms. Euro zone finance ministers will meet in Brussels on May 22 to discuss progress made in talks to conclude Greeces crucial…
