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Has the Govt managed the economy well in 2010?

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Photo / Getty
Photo / Getty

The Government faces a $12.6 billion debt hole over the next five years as ballooning cash deficits grow faster than the Crown's borrowing programme.

It faces a cumulative $44.4 billion cash deficit over the next five years, according to The Treasury's half-year economic fiscal update.

It will also raise $31.8 billion through its bond programme over the next five years.

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