IMF ranking Australia's budget position as second-strongest in G20 ‘broadly good news’

The government is celebrating this morning as the International Monetary Fund says we have the second-strongest budget position among the G20 nations. Sky News Business Editor Ross Greenwood explains Australia’s strong budget position. “It takes away from the Coalition one of their key arguments that they will manage the economy better than what the Labor Party will”, Mr Greenwood told Sky News Australia. “You know, broadly, it’s good news; it means the government doesn’t have as much debt as it otherwise would have and doesn’t have to pay as much interest as it otherwise would have. “Its problems are ahead with the key spending areas in defence and trying to fix the NDIS that are very well known”.