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Australian government $134bn in the red

Treasurer Josh Frydenberg has put a positive spin on the government’s growing debt pile.

Australian government $134bn in the red
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Australian government $134bn in the red

In a statement, the Treasurer said the final budget outcome for 2020–21 shows Australia’s economy is “resilient and well positioned to bounce back from the significant challenges brought about by COVID‑19”.

Read more at mybusiness

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