Australia on Tuesday unveiled a budget package high on new taxes changes but low on measures to boost sagging growth, prompting some skepticism among analysts.
The federal budget was particularly tricky this time, coming just days before Australian Prime Minister Malcolm Turbull is expected to call an election.
Australia's economy has cooled in recent years as the country transitions away from supplying commodities to the world's factories. Soft inflation has pushed up real interest rates and raised doubts over spending by companies. In response, Australia's central bank Tuesday cut interest rates to an all-time low.