Australia’s Treasurer Morrison: S&P shows the reality of fiscal environment for Australia

Speaking at a news conference, Australian Treasurer Morrison commented on the S&P Australian credit outlook downgrade to negative, from stable, Reuters reports.

Key Quotes:

“S&P shows the reality of fiscal environment for Australia“

“The pace of fiscal repair should not be delayed”

“Over the nest 6 to 12 months the parliament's response to the budget is key”

“Have to balance fiscal strength with service delivery”

“S&P worried fiscal tightening will slow after election”