Australia opts for growth over austerity in new budget

05/14/2013 | Wall Street Journal, The

Growth trumps austerity in Australia's new budget even though revenues are down sharply as the nation's mining boom comes to an end. The Labor government, which faces elections in four months, is proposing several stimulus measures, including jobs programs and spending on infrastructure, despite a current-year budget gap projected at AU$19.4 billion.

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Wall Street Journal, The

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