the project will be financed by a loan council
of europe development bank (ceb), the cohesion fund of the eu funds and the state budget.
Borrowing by governments and other public authorities within Australia is controlled through a unique and remarkably resilient institution known as the Australian Loan Council
(established in 1927).
Unit4 said that the system incorporates a powerful and flexible localisation framework, which allows Unit4 to cater to local needs, such as Financial Aid in the US or the Student Loan Council
in the UK.
Lee refers to how the Bruce-Page government's formation of the Loan Council
in 1924 consolidated the national debt and enhanced the bargaining power of Australian governments, both in relation to the London capital market and in relation to the Australian-owned trading banks.
disparities between the powers to raise revenue and to finance service delivery at different levels of government), which is addressed by federal transfers to the sub-central governments; iii) a comprehensive system of horizontal fiscal equalisation, aimed at eliminating disparities between the revenue-raising capacity and spending needs of the sub-central jurisdictions; and iv) a co-operative approach to fiscal management, with borrowing at all levels of government under the oversight of the Loan Council
At the risk of oversimplification, the gist of this book is that problems for premiers had their beginnings in the Commonwealth's powers under the Constitution to commandeer revenue from the states and use this capacity to bargain for more powers, for example, the establishment of the centralised Loan Council
, which Lang resisted during his first government.