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Australian aid spending on hold in tight budget

Australia's Foreign Minister, Bob Carr, pictured during a press conference in Sydney, on May 2, 2013. Australia will delay its foreign aid spending targets and close its embassy in Budapest as the government scrambles to rein in costs to meet revenue shorAustralia will delay its foreign aid spending targets and close its embassy in Budapest as the government scrambles to rein in costs to meet revenue shortfalls, Foreign Minister Bob Carr said on Monday.