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Australian Federal Budget

The 2021-22 Federal Budget deficit is $161 Billion, falling to $57 Billion in 2024-25 and net debt predicted to peak at $980.6 Billion (40.9% GDP) by June 2025.

The Federal Budget includes bold GDP growth forecast of 4.25% in 2021-22 with unemployment forecast to fall to 4.75% in mid 2023.

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