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Australia’s deficit to improve in mid-year economic update – NEWS.com.au
Australia’s deficit to improve in mid-year economic update
Australias eye-watering budget deficit has scraped in below $200bn as the nation recovers from the coronavirus pandemic. Treasurer Josh Frydenberg said the budget update confirmed that the Australian economy was rebounding strongly following the biggest economic shocks since the Great Depression.
“Australians are back spending and they are back working, and they are back moving freely across the nation,” he said.
“But the road ahead is challenging … our recovery is very much dependent upon our continued…
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