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Prevailing economic situation: It really is unlikely that the government will increase budgetary allocations.

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Performing shadow treasurer Jane Hume said the rise was “the consequence of a governing administration which has expended the earlier 17 months with the wrong priorities, without a want to deal with inflation and without a intend to lower the price of living”.

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For now, while, investors pared a number of the speculation that the central lender will hike yet again. Currently’s assertion did not repeat the language through the Oct board meeting that “some even further tightening of monetary plan might be needed”.