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Australia unveils budget to counter hit from commodities

Move would support small businesses and promote jobs growth

Published Tue, May 12, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Canberra

    THE Australian government on Tuesday unveiled a budget it said would support small businesses and promote jobs growth as it sought to stimulate a flagging economy hit by slumping commodity prices.

    The budget shifted away from a focus on reining in a huge deficit after harsh cuts to welfare, education and wealth sparked a voter backlash last year and triggered a challenge to Prime Minister Tony Abbott's leadership.

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