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EDITORIAL

Australia should do more to raise revenue instead of cutting expenditure

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Australia's economy was already showing signs of distress when the country's central bank cut the official cash rate to 2.25 per cent earlier this month.

THE Australian prime minister's "near death" experience (in his own words), when his leadership of his party was under threat, seems to have concentrated his mind about the ailing economy. Tony Abbott's next Budget, due in May, could be pivotal in setting the country's growth pace.

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