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Ratings agency warns on record government spending
Federal payments reached 26.9% of GDP, and S&P said high structural spending could pressure Australia if tax windfalls fade.
Summary by The West Australian
6 Articles
6 Articles
'Government and RBA pulling in opposite directions', rating agency warns
There are yet more economic warnings this morning. Meanwhile, the Coalition is trying to "flood the zone" with its new immigration policy, despite the continuing criticism, and everyone has an opinion on the landmark climate ruling.
·Melbourne, Australia
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Australian federal government spending remains high. International rating agency Standard & Poor's warns that the government's finances could face greater pressure in the long term if current favorable economic conditions disappear in the future.
·New York, United States
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Total News Sources6
Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
Factuality
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