Spending on health, the NDIS, aged care and defence is projected to blow up by more than $140 billion over the next four decades. Government spending on those portfolios is expected to rise by 5.6 per cent of the GDP due to Australia’s aging population and will take up half of all Commonwealth spending by 2062/63.
Spending on health, the NDIS, aged care and defence is projected to blow up by more than $140 billion over the next four decades.
Government spending on those portfolios is expected to rise by 5.6 per cent of the GDP due to Australia’s aging population and will take up half of all Commonwealth spending by 2062/63.
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