Shadow Minister Robb on Australian Budget, Economy

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May 15 (Bloomberg) -- Australian Shadow Finance Minister Andrew Robb talks about the budget announced yesterday and the outlook for the country's economy. The government will spend A$24 billion ($23.8 billion) on road and rail projects, while targeting A$43 billion of savings over five years in an effort to return to surplus by 2016-17, Treasurer Wayne Swan said in budget papers released yesterday. Robb speaks from Canberra with Susan Li on Bloomberg Television's "First Up."

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