The Age
·general
·4 hours ago
States warned on spending binge as they all collected record tax takes
States and territories face potential credit downgrades following record tax revenues as they increase debt. S&P Global analysts warned that spending splurges to combat the cost of living could jeopardize credit ratings, with NSW and Queensland at the highest risk. Queensland's tax revenue surged by 20.7 percent, highlighting a tense financial landscape.
Summary by Glance · The Age
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