S&P says improved fiscal outcomes for Australia underpin AAA rating

by Aurelia Butler 25 October 2022, 10:23 169 Views

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.

Source: Economy - investing.com

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S&P says improved fiscal outcomes for Australia underpin AAA rating

Fed’s Bullard, Evans, show two paths to the same policy rate

China seeks to promote development of private businesses with more loans

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