A rare warning from S&P Global has cast doubt on Labor’s economic management claims as their election commitments risk undermining Australia’s AAA credit rating. Treasurer Jim Chalmers highlighted early election costings while challenging the Coalition to disclose cuts affecting essential services; however, S&P cautioned that increasing spending could lead to larger structural deficits and rising debt. The report criticized “off budget” spending practices and noted that combined federal and state deficits are approaching levels unseen since the global financial crisis, raising concerns over fiscal sustainability.
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‘Good for rugby’: rivals hail Moana Pasifika influence
The rugby world is recognizing Moana Pasifika's significant progress after their best Super Rugby Pacific campaign to date, finishing seventh following two wooden spoons in previous seasons. Despite a disappointing 64-12 loss to the Hurricanes, players and fans celebrated the team's inspiring performance and growing support, with Hurricanes captain Xavier Numia praising their impact on New Zealand rugby. Ardie Savea, the Super Rugby Pacific player of the year, emphasized Moana's ambition to aim higher, expressing...
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