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Australia Fires Up Fiscal Policy in Race to Revive Employment

  • Net debt to peak at 43.8% in 2024; deficit 11% of GDP in 2021
  • RBA suggests a willingness to ease further to help job battle
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WATCH: Australian Finance Minister Mathias Cormann discusses the budget announced Tuesday.(Source: Bloomberg)
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Australia released a fiscal blueprint that pushes debt and deficit to a peacetime record just hours after the central bank signaled a willingness to ease further as both arms of policy press to drive down unemployment.