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Treasury’s Fraser warns on Australia’s AAA rating

Thursday 28 January 2016

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.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.