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BRIEF-Moody's Says Australia's Resilient Economy Faces Fiscal Consolidation Challenges

Published 22/06/2018, 01:32 pm
Updated 22/06/2018, 01:40 pm
© Reuters.  BRIEF-Moody's Says Australia's Resilient Economy Faces Fiscal Consolidation Challenges

© Reuters. BRIEF-Moody's Says Australia's Resilient Economy Faces Fiscal Consolidation Challenges

June 21 (Reuters) - Moody's -

* SAYS AUSTRALIA'S RESILIENT ECONOMY FACES FISCAL CONSOLIDATION CHALLENGES

* SAYS AUSTRALIA'S SLOWER NOMINAL GDP GROWTH COMPARED WITH THE COMMODITY BOOM YEARS HAS PUT PRESSURE ON GOVERNMENT REVENUE GROWTH

* AUSTRALIA'S MODERATE DEBT BURDEN RELATIVE TO AAA-RATED PEERS SUPPORTS SOVEREIGN RATING, ALTHOUGH GOVERNMENT CONTINUES TO FACE CHALLENGES IN FISCAL CONSOLIDATION

* SAYS AUSTRALIA'S GENERAL GOVERNMENT DEBT WILL RISE TO 42% OF GDP IN FISCAL YEAR ENDING 30 JUNE 2019 (FISCAL 2019) FROM 36.1% IN FISCAL 2015

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