Australian Finance Minister Confident of Keeping AAA Credit Rating

Australian Finance Minister Confident of Keeping AAA Credit Rating
New money at the Royal Australian Mint in Canberra, Australia on April 22, 2005 Mark Nolan/Getty Images
Daniel Y. Teng
Updated:

Finance Minister Simon Birmingham is confident Australia will retain its AAA credit rating after the government last week unveiled a big spending program with the release of the 2021-22 federal budget.

When asked on whether the government would be responsible for a possible downgrade of its credit rating after the release of the budget, Senator Birmingham responded, “We are not expecting that to happen.”

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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