Tax changes get tick of approval from ratings agency
Tax hikes on property investors will help keep budget pressures under control, ratings agency S&P Global says in a check-up of Australia's fiscal health.
Tax hikes on property investors will help keep budget pressures under control, ratings agency S&P Global says in a check-up of Australia's fiscal health.
Reserve Bank governor Michele Bullock has responded to a surprise jump in unemployment as a credit agency gives Australia's finance a tick of approval.
A state government can fix a credit rating outlook downgrade in its first budget after an international agency identified "significant fiscal deterioration".
Project cost blowouts and extra government spending could put too much pressure on a state's budget for it to retain its longstanding AA+ credit rating.