The budget deficit is projected to hit $213.6 billion, a record 11% of GDP, before winding back:

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Instead of falling, as predicted in the last budget, debt will climb:

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There’s spending and tax cuts a plenty:

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It’s expected to bring about a bounce-back in economic growth:

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But much depends on the assumptions, including a return to strong immigration:

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This article first appeared in The Conversation. It is republished with permission.