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Australia’s budget that will be unveiled next week will include a A$1.7 billion ($1.3 billion) investment in childcare, Treasury Minister Josh Frydenberg said.
The new policy will remove the current annual cap of A$10,560 per child on childcare subsidies, and will be increased to a maximum of 95% for families with two or more children, the Treasury said in an emailed statement Sunday. The measures will boost gross domestic product…
