Australia's federal budget on Tuesday should show an improving trajectory, but larger deficits compared with MYEFO.
More importantly though, the lack of credible medium-term fiscal consolidation plan has received more attention recently, particularly as rating agencies have issued subtle warnings.
With that in mind, any stronger threats to the AAA, Stable rating could get some market attention.
Commentary
Australia's federal budget to show an improving trajectory
Australia's federal budget on Tuesday should show an improving trajectory, but larger deficits compared with MYEFO. More importantly though, the lack of credible medium-term fiscal consolidation plan has received more at…
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