Australian government clinches deal to scrap debt ceiling
Published on Dec 4, 2013 3:41 PM
SYDNEY (REUTERS) - Australia's Treasurer Joe Hockey struck a deal with the Greens on Wednesday to scrap the government's debt ceiling a week before the A$300 billion (S$343.4 billion) limit is breached.
The agreement would see the government provide comprehensive debt reporting in its annual budget papers, mid-year updates and pre-election reports.
The government will also include details of spending on climate change.
Green's Leader Christine Milne said it was a good outcome.
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