Sydney harbour
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Australia's entrepreneurial exercise

The Australian government has forecast its budget deficit will increase to more than 37.4bn Australian dollars ($27.2bn; £17.95bn) in the 12 months to June.

The increase is being largely blamed on falling prices for its resource exports.

Despite this, the government is planning to come up with a way to pay for its A$800m initiative. The program's aim is to inspire a bolder entrepreneurial spirit that embraces greater risk.

The BBC's Phil Mercer has more from Sydney.

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  • 15 Dec 2015