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Business 21 May 2021 | 7:00 AM

Ardern targets inequality as budget shows recovery

WELLINGTON: New Zealand has projected faster economic growth and smaller deficits in its annual budget, allowing prime minister Jacinda Ardern to boost efforts to tackle inequality even as the government keeps a lid on debt.

Business 21 May 2021 | 7:00 AM

Indonesia finance minister proposes 4.51% to 4.85% deficit

JAKARTA: Indonesian Finance Minister Sri Mulyani Indrawati proposed to parliament a budget deficit of 4.51%-4.85% of gross domestic product for 2022, as well as potential new taxes to increase revenue amid improving economic conditions.

Business 21 May 2021 | 7:00 AM

Australian employment down in April

SYDNEY: Australian employers unexpectedly cut jobs in April, as the government’s JobKeeper wage subsidy ended, though unemployment also declined as fewer people sought work.