Upcoming federal budget is likely to be ‘conservative’
S&P Global Ratings’ Anthony Walker says they are expecting “strong fiscal outcomes to be announced” in the upcoming budget.
The looming federal budget will need to strike the right balance between providing cost of living relief and not loading up Australian consumers and businesses with too much extra cash.
Upcoming federal budget is likely to be ‘conservative’
Excess cash could trigger a spending spree in the September quarter.
From a fiscal perspective, Australia’s credit rating remains AAA.
Mr Walker told Sky News Australia that the government is likely to be “conservative” in the budget.