The Latest Breaking News from Martin Foo

Ratings agency warns on record government spending

The federal government and the Reserve Bank are pulling in opposite directions in the fight against inflation, ratings agency S&P says.

AAP · Oct 7

Coalition lags Labor in election promises that bolster NSW budget, official costings reveal

State Parliamentary Budget Office estimates Labor’s pledges would improve bottom line by $1.4bn compared to the Coalition’s $97.2m

The Guardian - AU · Mar 20, 2023

Ratings giant S&P tips WA surplus nudging $8 billion as Commonwealth stares at decade of deficits

WA is set to post an eye-popping surplus of almost $8 billion this year as the state rakes in windfall gains from the iron ore boom and record gas prices, according to ratings giant S&P.

ABC News · Mar 28, 2022