Australia retains AAA as tax changes and spending cuts help bottom line

AdvertisementPoliticsFederalFederal budget Australia retains AAA as tax changes and spending cuts help bottom line Shane Wright Updated August 6, 2026 — 4:56pm ,first published 4:49pm Save You have reached your maximum number of saved items. Ratings’ agency S&P Global has retained its triple A rating for Australia, noting Jim Chalmers’ budget contained useful tax and spending cut measures. Alex Ellinghausen A strong credit rating is critical to the interest rates on government debt. “Australia’s planned property tax increases and savings measures should help mitigate rising structural spending pressures,” it said. “Fiscal metrics are solid, with recent revenue-raising and savings measures creating room to accommodate spending growth.”