S&P: Stable Australian outlook reflects expectations that Govt fiscal balance will return to surplus by early 2020s.

S&P offers the following additional insights on their upward revision to the Australian outlook.

The stable outlook reflects our expectations that the general government fiscal balance will return to surplus by the early 2020s.

Expect steady government revenue growth supported by the strong labor market and relatively robust commodity prices.

Sees property prices to continue orderly unwind, slowdown won't weigh heavily on consumer spending, financial system's asset quality.

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