Budget bleeds red ink as IMF says now is time to start fiscal repair - Sydney Morning Herald

Australia has recorded one of the largest increases in debt with an ongoing structural budget deficit, says the IMF. Neither side of politics has a repair plan.

Australias gross debt level is still well short of comparable nations such as Canada (98.5 per cent), Britain (92.6 per cent), the United States (124 per cent) and Spain (116.4 per cent). But in term… [+3058 chars]

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