What's On

  • Written by ACT Government

Released 29/08/2019

International ratings agency Standard & Poor’s has today confirmed the ACT’s AAA credit rating for another year, acknowledging the ACT Government’s exceptional management of the local economy as we build for Canberra’s future.

The ACT’s rating is the highest awarded by Standard & Poor’s, and recognises the Territory’s very strong fiscal position following the release of the 2019-20 ACT Budget. The ACT is one of only three states or territories in Australia – and among only a handful of jurisdictions around the world – to hold a AAA rating.

Through the 2019-20 Budget, the ACT Government is investing to build the hospitals, schools and transport infrastructure Canberra will need in the 2020s and beyond.

We are getting on with these important investments now to ensure we can deliver the services Canberrans expect as our city grows. This will allow the ACT Government to hire more nurses and more teachers, keep our assets in public hands and plan for our future in a fiscally responsible way.

Standard & Poor’s has acknowledged this responsible strategy, with the ratings review noting: “The Australian Capital Territory is budgeting for a relatively large infrastructure program over the next few years, but we expect its fiscal metrics to remain strong and its growth in debt to be manageable.

“Our ratings on the ACT are underpinned by its robust financial management, high-income economy, and exceptional level of liquidity.”

In the coming weeks, the ACT Government will release a comprehensive Infrastructure Plan, outlining the investments required to cater for a growing population in both our town centres and our suburbs.

- Statement ends -

Section: Andrew Barr, MLA | Media Releases

«ACT Government Media Releases | «Minister Media Releases

Read more

About Australia

Petroleum Demand and Supply Analysis

The Petroleum Planning & Analysis Cell (PPAC) plays a crucial role in the energy sector by pro...

The top seven Moving and Real estate trends in Australia

1) More Millennials.  Many Australian millennials are first-time homebuyers, constituting the lar...

Essential Factors to Consider When Choosing a Removalist Partner

Families face numerous challenges when relocating. Uprooting one's life and starting over in a new...

Expert Hidden Dash Cam Installation Services In Sydney

Are you tired of feeling uncertain on the road? Do you want to ensure your safety and security whi...

Managed IT: A Cost-Effective Solution

In today's fast-paced business landscape, staying ahead of technological advancements is not just ...

Dog Parks and Socialization Spots in Australian Cities

In the vast and varied landscapes of Australia, city living comes with a unique set of challenge...

From Ideas to App Store: A Brisbane Developer’s Entrepreneurial Journey

The thriving city of Brisbane, Australia, has a wealth of app developers with expertise. Brisbane ...

This City is a Heaven on Earth for People who Loves to Enjoy Museums, from Arts to Historical

Sydney, Australia, is famous for its iconic landmarks and stunning beaches, but beyond its natural...

Choosing The Best Dog Shampoo For Sensitive Skin

Dogs are not just pets; they are cherished members of our families. As responsible pet owners, it ...

Achieving Ethical Living With Vegan Gifts

In a world that is becoming increasingly aware of the environmental and ethical impact of our choi...

The Role of a Support Worker

One of the most important and rewarding jobs in the healthcare system is that of a support worker...

Flammable Liquid 3 with Picto Sticker Benefits

Flammable Liquid 3 with Picto Sticker benefits create incredible opportunities for industrial safe...