Australia’s Triple-A Rating Holds | Sydney News

Australia’s triple-A credit rating from S&P Global is a major financial win, placing it among just 11 countries with the highest fiscal health score. Key reforms—including property taxes and NDIS changes—are projected to generate $80 billion in new revenue and slash $230 billion in costs over ten years, helping manage rising spending. A strong rating keeps borrowing costs low for both federal and state governments, boosting economic stability. While this year’s deficit hits $31.5 billion and net debt nears $616 billion, S&P believes these figures remain sustainable, even if commodity price forecasts are overly cautious. Treasurer Jim Chalmers hailed the rating as proof of smart budgeting, while opposition leaders vow to reverse tax changes if elected, warning they harm small businesses. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/114528c7ec9d5c71