Australia's fiscal metrics 'broadly weaker' than peers

Perhaps no pot of gold, but Fitch Ratings says Australia's fiscal outlook remains relatively stable. (AAP PHOTOS)

Australia's fiscal profile remains broadly weaker compared to its AAA-rated country peers, but the outlook raises few concerns, a major ratings agency says.

Fitch Ratings, one of the big three alongside Standard & Poor's and Moody's, pointed to the Labor government's higher debt and deficits compared to some other top-tier European countries facing higher defence spending.