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AAP
AAP
Business
Poppy Johnston and Dominic Giannini

Labor gears up to hand down first budget

The Albanese government's first budget comes amid rising inflation, rate hikes and major debt. (Lukas Coch/AAP PHOTOS) (AAP)

The Albanese government's economic credentials will be put to the test as it hands down its first budget amid far from ideal conditions.

The Labor government has some choppy economic waters to navigate, with soaring inflation prompting the fastest rate hiking cycle in decades.

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