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Big hole in the Australian government’s budget

China’s slowdown has gouged a big hole in the Australian government’s budget, a new report said. Slower wages growth in Australia has also hit government revenues hard, said Deloitte Access Economics. It has forecast massive budget blowouts for both the 2014-15 and 2015-16 financial years. The budget looks like it was “written by Stephen King and painted by Edvard Munch”, thanks ...

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