Mid-year budget update: $10.4 billion hit to Scott Morrison's budget bottom line

By James Massola
Updated April 24 2018 - 10:41pm, first published December 20 2016 - 8:14am

Ratings agencies have delivered the Turnbull government a much-needed Christmas reprieve but warned growing budget deficits, a worsening economy and Parliamentary gridlock could still see the loss of the coveted AAA rating in 2017.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Canberra news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.