[New post] Alert on $45bn Labor spree

roymorgansocial posted: "Original article by Patrick Commins The Australian - Page: 1 & 4 : 30-May-22 S&P Global Ratings has warned that the federal government's "off-balance-sheet" election promises could potentially put Australia's coveted AAA credit rating a" ABIX Alert on $45bn Labor spree roymorgansocial May 30 Original article by Patrick Commins The Australian - Page: 1 & 4 : 30-May-22 S&P Global Ratings has warned that the federal government's "off-balance-sheet" election promises could potentially put Australia's coveted AAA credit rating at risk. Labor announced nearly $45bn worth of spending commitments during the election, including its "rewiring the nation" program and funding for social and affordable housing. The ratings agency's lead country analyst Anthony Walker says off-balance sheet spending is automatically included in its assessment of a nation's financial position. Walker adds that further government spending risks fuelling inflation and more aggressive tightening of monetary policy. CORPORATES S&P GLOBAL RATINGS, AUSTRALIAN LABOR PARTY Comment You can also reply to this email to leave a comment. Unsubscribe to no longer receive posts from ABIX. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://abixnews.wordpress.com/2022/05/30/alert-on-45bn-labor-spree/ Powered by WordPress.com