Australia: Frydenberg refuses to put sweeteners on table for state asset recycling - - PressFrom - Australia

Australia Frydenberg refuses to put sweeteners on table for state asset recycling

00:40  11 october  2019
00:40  11 october  2019 Source:

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Frydenberg rejected the suggestion of Debelle, saying it was established practice for the The New South Wales treasurer, Dominic Perrottet, is pushing for the federal government to bring back plans for asset recycling for large infrastructure projects, according to a report in the Financial Review.

Asset recycling . But, he added, over the longer term, the Commonwealth needed to play a bigger role in funding larger projects and leave the smaller projects to the states because the states were much better placed to identify Mr Perrottet made the case to Mr Frydenberg back in July but was rebuffed.

The government is resisting a renewed push to bring back financial incentives for state asset recycling programs ahead of a crucial treasurers meeting in the nation's capital on Friday.

NSW Treasurer Dominic Perrotet has been marshalling support for the scheme, which would help fund large infrastructure projects designed to fire-up the economy.

But Josh Frydenberg dismised the idea on Friday, maintaining there were other ways the states could fuel growth - like changes to tax arrangements and making public departments more efficient.

Treasurer Frydenberg told Sky News on Friday he would not put any sweeteners on the table.

“They don’t need any financial incentives to recycle their assets,” he said.

“They’ve shown both a willingness and an ability to do that in the past and we’ll leave them to do that into the future.”

Image: News Corp Australia

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