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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

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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