Treasury Secretary, John Fraser, has warned that Australia’s all-important AAA credit rating is in jeopardy unless the Government makes urgent efforts to slash expenditure. From Adam Creighton at The Australian:
Treasury secretary John Fraser has warned the Turnbull government its prized AAA-credit rating is in jeopardy unless urgent efforts are made to cut spending, raising the spectre of a federal interest bill of more than $2 billion a month within a decade.
