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Australia’s annual budget deficits worsen by $7.5 billion U.S.

The budget would return to surplus in 2020-21, despite falling revenue and a slowing economy, Treasurer Scott Morrison said.

Australia - The StarCANBERRA, AUSTRALIA—Australia’s projected budget deficits for the next four years have increased by 10.3 billion Australian dollars (US$7.5 billion) to AU$94.9 billion as the economy continues to slow following a China-driven…

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