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Australia Opposition Pitches Boosting Economy With More Spending

  • Australia is headed for A$1 trillion in debt after pandemic
  • Unemployment fell to an almost 50-year low of 3.9% in April
Opposition Labor leader Anthony Albanese

Opposition Labor leader Anthony Albanese

Photographer: Brent Lewin/Bloomberg

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Australia’s opposition Labor party acknowledged its election manifesto will widen the budget deficit if it wins Saturday’s election, while arguing the increased spending will boost the economy’s productive capacity.