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The Prime Minister insists his government will deliver the first budget surplus in twelve years

Treasurer Josh Frydenberg during Question Time Source: AAP

The International Monetary Fund says the world's economies are battling a “synchronised slowdown", calling on nations to inject a fresh round of stimulus to stem off any further slump. While Australia's global growth outlook has hit its lowest level in a decade -- the government says its priority is returning the budget to surplus, not stimulating spending.

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