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Taxes, other revenue to rise from low of 32% of GDP to 36% till 2020: IMF

CANBERRA: Federal and state governments are relying on higher taxes rather than spending cuts to do all the work of repairing their budgets, according to new medium-term forecasts from the International Monetary Fund. The fund’s projections show that, over the decade to 2020, taxes and other revenue will rise from a low of 32 per cent of GDP during the ... Read More »