Treasurer Jim Chalmers says Australia’s ageing population will put pressure on the tax base. “As our population ages, this will create some challenges as well - challenges to our budget and challenges to growth,” he said at the National Press Club on Thursday. “As we age, there will be a smaller share of working-age people, putting pressure on our tax base. “At the same time as we face growing spending pressures, from the NDIS, aged care, health, defence and debt interest costs, which could keep us in deficit and put debt back on the rise.”
Treasurer Jim Chalmers says Australia’s ageing population will put pressure on the tax base.
“As our population ages, this will create some challenges as well - challenges to our budget and challenges to growth,” he said at the National Press Club on Thursday.“At the same time as we face growing spending pressures, from the NDIS, aged care, health, defence and debt interest costs, which could keep us in deficit and put debt back on the rise.”
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