Scott Morrison (Cook, Liberal Party, Prime Minister) Share this | Hansard source

What I can confirm is that this week Australia's AAA credit rating was restored. Once again, in the face of the biggest recession we have seen in this country since the Great Depression, which was of course caused by COVID-19—despite those challenges and the unprecedented investment to keep Australians in work to provide that lifeline to people's jobs and their livelihood, and the unprecedented investments in health services and mental health services and the massive hit that that took to the budget—Standard and Poor's looked at the government's fiscal management and economic management and they concluded that Australia's balance sheet was strong as it went into this crisis. It was tested during this crisis but was able to stand to this crisis—

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