Infrastructure debt feeds negative outlook

By Matt Coughlan and Katina Curtis
Updated November 21 2019 - 5:54pm, first published 3:24pm
Prime Minister Scott Morrison is resolute in not risking the budget surplus by stimulus spending.
Prime Minister Scott Morrison is resolute in not risking the budget surplus by stimulus spending.

Soft household spending leading to falling GST revenue - as well as debt being raised for major works - has led ratings agency Moody's to offer a negative outlook for state governments in the coming year.

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