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NSW government warns of increasing debt

  • 📰 SkyNewsAust
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The New South Wales Treasurer has warned tough choices may need to be made ahead of the September budget.

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NSW expected to lose AAA credit ratingNew South Wales Treasurer Daniel Mookhey warns the state is at risk of losing its triple-A credit rating. He says new modelling by Treasury breaches most metrics used to determine the top credit rating. The state is expected to be spending more than five per cent of its income paying down its debt within the next fortnight.
Source: SkyNewsAust - 🏆 7. / 78 Read more »