S&P says improved fiscal outcomes for Australia underpin AAA rating
Reuters
Published Oct 25, 2022 06:18AM ET
SYDNEY (Reuters) - Australia's improved fiscal outcomes from a strong economy and high commodity prices underpin its AAA sovereign rating, S&P Global (NYSE:SPGI) said on Tuesday, after the new labour government unveiled its first budget.
"We believe the budget won't greatly add to inflationary pressures. The budget reprioritizes previously allocated funding to the new government's policy agenda and limits new spending in the immediate future," Anthony Walker, a Director at S&P Global Ratings, said.
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Written By: Reuters
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