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Aussie credit rating under threat
Published Mon, Jul 4, 2016 · 09:50 PM
Sydney
A NATIONAL election result leaving Australia without a strong majority government threatens to undermine the nation's top credit rating.
The danger stems from an intractable budget gap that, to reverse, would require tax increases, spending cuts or structural reforms to boost underlying economic growth. Any of those three options would present political challenges even for an administration with a clear majority in parliament.
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