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    Australia’s Treasurer Morrison: S&P shows the reality of fiscal environment for Australia

    Speaking at a news conference, Australian Treasurer Morrison commented on the S&P Australian credit outlook downgrade to negative, from stable, Reuters reports.Key Quotes:“S&P shows the reality of fiscal environment for Australia““The pace of fiscal repair should not be delayed”“Over the nest 6 to 12 months the parliament's response to the budget is key”“Have to balance fiscal strength with service delivery”“S&P worried fiscal tightening will slow after election”

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