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Australia to raise spending to boost slowing economy

Por: Associated Press Life October 25, 2022

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CANBERRA, Australia (AP) — Australia’s new government released plans Tuesday for more spending on families, the elderly, defense and its Pacific neighbors as the country braces for an economic slowdown due to rising interest rates, inflation and disastrous floods.Treasurer Jim Chalmers delivered his center-left Labor Party’s first annual budget for the fiscal year that began in July. It is the first budget in nine years by a Labor... + full article



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