Labor says 'wafer-thin' projected surplus will not cheer ratings agencies

Shadow treasurer Chris Bowen says Coalition’s budget projections for 2021 are based on cuts that parliament will not passRatings agencies will not be reassured by a “wafer thin” projected surplus in 2021 based on budget cuts that can’t pass parliament, the shadow treasurer, Chris Bowen, has said after Monday’s mid-year budget update. Warnings about Australia’s triple A credit rating from the ratings agency Standard and Poors (S&P) showed the need to raise