The ratings agencies pass judgement on the Aussie budget

  • Budget is similar to prior updates

  • It is comfortable looking at the overall government debt

  • Measures on Aussie revenue and spending are relatively small

  • We continue to see very high fiscal strength for Aus

  • Removing the zombie budget measures is positive

  • There's nothing particularly worrying about the budget

Fitch says they are taking more time to asses the broader Aussie budget impact.