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International ratings agency Standard & Poor's said Australia's 2007/08 budget was consistent with the country's triple-A credit rating.
"We see this Budget as being a continuation of the Government's maintenance of a sound fiscal position.
"It's consistent with a triple-A credit rating," said Kyran Curry, associate director, sovereign and public ratings at S&P.
"We think it's important the Government maintain a strong fiscal position, such as what's being delivered tonight.
[It will] offset some of the weaknesses that we see Australia, including, and it's the same sorts of things, the high current account deficit and Australia's high private external debt."
- REUTERS
