Deary, deary me. Via the AFR today:
Treasurer Scott Morrison says governments can build infrastructure projects more cheaply and effectively than the private sector, justifying the “good debt” focus of his second budget that next week will foreshadow a turning point to “better times” for Australian households.
In a wide-ranging interview with The Australian Financial Review, Mr Morrison expressed cautious optimism that international ratings agencies would retain Australia’s AAA sovereign credit rating given his “very high goal” of keeping to the projected return to budget to balance by 2021.He said Sydney’s apartment market was “already turning” due to prudential controls on bank lending to investors that were flexible enough to avoid a “hard landing” for housing.