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Australia fires dual fiscal-monetary shots to support economy

Government hands down an expansionary budget hours after central bank eases policy for the first time in a year

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"The government, in a challenging budget environment, is making responsible choices in its national economic plan to support jobs and growth," says Mr Morrison.

Sydney

AUSTRALIA injected a double-dose of stimulus as the government handed down an expansionary budget hours after the central bank eased policy for the first time in a year.

Treasurer Scott Morrison forecast a A$37.1 billion (S$38 billion) deficit in the 12 months through June