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Business groups have urged the federal government to do more to stimulate economic growth, after its budget update revealed a massive hit. But there are some sweeteners for small businesses.
Handing down the government’s Mid-Year Economic and Fiscal Outlook (MYEFO), Treasurer Josh Frydenberg revealed that the government’s much-lauded surplus would come in for the 2019–20 financial year at $5 billion, $2.1 billion less than the $7.1 billion surplus spruiked in April’s pre-election budget.
Read more at MyBusiness.
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