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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A hotel room in Bali that’s bigger than the average Aussie home
In the 1980s, Bali saw the emergence of luxury resorts and private villas, leading to the rise of super-luxury estates. Umana Bali, a villa-only resort on the Bukit Peninsula, offers unique amenities and spacious villas, recently renovated by LXR Hotels & Resorts, featuring extensive dining options and breathtaking ocean views. Need More Context? 🔎
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