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United States Secretary of the Treasury

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Australian debt may grow beyond $300 billion limit

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Australia’s debt could breach the government’s legislated $300 billion maximum limit this calendar year as the outlook for Australia’s resource sector deteriorates. Treasury’s senior budget official, Nigel Ray, told the Senate economics committee last week that the debt was expected to rise no further than $290bn in 2013-14, based on the budget forecasts. Although it … Continue reading →

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