S&P says Australia heading for $20b+ deficit

Sydney : Australia | Sep 18, 2012 at 10:43 PM PDT

Source: Australian Broadcasting Corporation

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The agency has slashed its earlier estimate of a $1 billion surplus. S&P's senior director of sovereign ratings Tan Kim Eng says the cut is mainly due to global economic problems. "Firstly the export sector is not doing as well as initially expected, commodities exports have not been as strong, on the... FULL ARTICLE AT Australian Broadcasting Corporation

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