CANBERRA, Australia—Farmers battling Australia’s second severe drought in under a decade have been warned not to expect a multibillion-dollar rescue package to help relieve rising debt, with Treasurer Joe Hockey warning “the days of entitlement are over.”
Mr. Hockey’s remarks underscore the pressures facing Australia’s government as it grapples with rising unemployment triggered by a fading mining boom and a need to cut spending. The center-right government has already rejected financial aid for food processors…
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