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Govt spending falls 0.7% in Sept qtr

AAP logoAAP 6/12/2016

Public sector spending fell in the September quarter, weighing on economic growth.

Government consumption spending, mainly the goods and services used in the provision of government services, fell 0.2 per cent in the three months to September, according to the Australian Bureau of Statistics.

Public sector investment slumped by 10.4 per cent.

Total public sector spending fell 0.7 per cent, which is likely to subtract 0.2 percentage points to growth in gross domestic product (GDP), which is due to be reported by the ABS on Wednesday.

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