China’s sovereign outlook positive; reform needed to sustain growth
China’s rating outlook is supported by favorable medium-term economic growth prospects, as well as by strong government debt dynamics. But tight control over local government finances and a new wave of reform, especially in the financial system, are necessary for China to sustain rapid and stable economic growth throughout the rest of this decade... Press Release | Full Report
South Australia’s budget deficits to narrow significantly
Key to the improvement expected in the deficits is the government's plan to pull back on capital spending, following the completion of the desalination plant in Adelaide and other large projects, as well as the implementation of a lower rate of current spending through the adoption of various recommendations from the Sustainable Budget Commission. from the Sustainable Budget Commission... Press Release | Full Report
