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Australia Biggest States Face Budget Strains on Cash Crunch

(Bloomberg) -- Australia’s two biggest states will struggle to return their budgets to surplus as the economy sags under central bank rate hikes that also sent government borrowing costs soaring, according to ratings agency Moody’s Investors Service. Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DaySubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreHunter Biden Plea D...
Bloomberg Businessweek Anthony Walker John Manning Moody Investors Service South Wales New South Wale
Source: yahoo.com

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