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AAP
AAP
Business
Colin Brinsden, AAP Economics and Business Correspondent

Pre-election budget conjures up big spend

Josh Frydenberg has used a rush of revenue to create a budget that spends and lowers the deficit. (AAP)

A "magic pudding' was how one economist described the federal budget ahead of Josh Frydenberg's big night.

That is, big spending while at the same time showing a sharp reduction in budget deficits over the next few years.

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