Australia's commodity windfalls are masking growth in spending and new budgetary measures could be "mildly inflationary," major ratings agency S&P says.
S&P Global Ratings, which has had a AAA rating on Australia since February 2003, noted a small forecast surplus for this financial year, and a "dramatic turnaround" from massive deficits the nation was staring down at the height of the COVID-19 pandemic.
