Wednesday, 15 May 2013
Questions without Notice
Mr President, I ask a supplementary question. MST Capital's Brendan Paul was quoted today as saying:
This budget further weakens key vulnerabilities of the Australian economy in the eyes of the ratings agencies. It attacks one of our perceived historical strengths of ‘high fiscal flexibility’ and pushes us closer to the edge of the AAA rating and the risk of a ‘negative watch’. It definitely limits the government’s flexibility to respond to the downturn induced by the fall off the capex cliff in 2015.