Government News cites an article around the use of debt financing by councils as a way to clear infrastructure backlogs. Banks and institutional investors generally regard governments in Australia as safe in terms of credit risk because it is fundamentally difficult for them to go out of business.
Read the article at this url http://www.governmentnews.com.au/2014/02/dont-seduced-dirty-talk-debt-governments-warned/
Australian Centre of Excellence for Local Government (ACELG) has released a report “Debt is Not a Dirty Word: The Role and Use of Debt in Local Government” prepared by expert John Comrie and supported by consortium partner, the Institute of Public Works Engineering Australasia (IPWEA). Take a look at the ACELG report at this url
https://higherlogicdownload.s3.amazonaws.com/IPWEA/IPWEA_ACELG_Role-Use-of-Debt.pdf?AWSAccessKeyId=AKIAJH5D4I4FWRALBOUA&Expires=1393456731&Signature=bR8HSDsauZSLlG0LOpwxJiN9ME0%3D
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