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Pandemic budgets must not become election budgets: S&P

Ronald Mizen
Ronald MizenSenior reporter

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States and territories, especially those with elections looming, have been put on notice that their strong credit ratings will be at risk if pandemic stimulus spending extends for longer than necessary.

Pandemic stimulus spending and a record pipeline of major infrastructure projects will push state and territory debt above $500 billion later this year, S&P Global Ratings said.

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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com

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    Original URL: https://www.afr.com/policy/economy/faux-stimulus-spending-by-states-could-lead-to-credit-downgrade-s-and-p-20220309-p5a31r