Via the AFR:
Deloitte Access Economics forecaster Chris Richardson predicts another $24 billion will be added to the federal deficit over the next four years – delaying the forecast return to surplus beyond 2020-21
“Whether we maintain our AAA rating or not partly rests on the government’s willingness and ability to enact new budget savings or revenue measures to reduce fiscal deficits materially over the next few years,” said Craig Michaels, S&P director of sovereign ratings.
