26 October 2022
Institute of Public Affairs’ Analysis of the 2022-23 Federal Budget
The federal government’s October mini budget gave little indication as to how it seeks to address the key economic issues facing the nation, namely: uncontrollable government spending, skyrocketing debt and stagnating growth. By the middle of the decade, government spending will be locked-in at 27% of gross domestic product, reaching a record high of $729 billion by the 2025-26 financial
18 February 2021
Interest On Australia’s Massive Debt To Cost $64 Billion Per Year By 2030
Interest payments on Commonwealth debt could become the third-largest spending item in just 10 years, behind only health and income support for seniors, according to new research from free market think tank the Institute of Public Affairs. The interest payment on debt could consume 7.5% of the Commonwealth Budget and cost $64.1 billion by 2030-31. “High and growing levels of
