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    Labor burning through billions as ratings agency warns record spending is fuelling inflation

    Sky News Australia
    October 7, 2026
    via Sky News Australia

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    Labor burning through billions as ratings agency warns record spending is fuelling inflation

    One of the world's rating agencies is warning the Labor government and the Reserve Bank are pulling Australia's economy in different directions. S&P Global Ratings warns the government's overreliance on revenue windfalls could be an issue for the budget's bottom line, and that r

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