From The Australian:
Scott Morrison has stared down a warning from one of the world’s most powerful ratings agencies, after it questioned the government’s strategy to fix the budget and warned that continued increases in national debt would risk the nation’s AAA credit rating.
The Treasurer, who has criticised Labor’s proposals to increase taxes, declared any revenue measures in the May 3 budget would offset the tax burden in other areas of the economy as he stuck to the government’s strategy of restraining spending and trying to boost growth to rein in the deficit.
