Budget to explain "good and bad" debt | AAP
Business hopes Treasurer Scott Morrison's new approach to "good" and "bad" debt won't stop him reducing recurring government expenditure when he hands down his May budget.
Australian Chamber of Commerce and Industry boss James Pearson welcomed the treasurer's decision to differentiate the two types of debt.
"We hope this is accompanied by a budget that reduces recurrent expenditure to a sustainable level and no longer adds to Australia's 'bad debt," he told AAP.
"We can achieve this through greater public sector efficiency, tightened eligibility for government programs and greater competition in the provision of government services."
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