google.com, pub-8701563775261122, DIRECT, f08c47fec0942fa0
UK

Australian politics live: fourfold surge in home battery installations after federal subsidy; O’Brien says Liberals can stand alone | Australia news

important events

Labor ‘mindful’ of government’s role in spending

finance minister Katy Gallagher He has been on the hot seat today, taking part in morning media interviews and pressing government spending, which currently stands at over 27% of Australia’s GDP.

Speaking to RN Breakfast, he says there are huge pressures on the budget, including defence, health, aged care and the NDIS.

He also defends the budget, saying the government has already found billions of dollars in savings and last year asked the civil service to find 5% of the lowest priority spending (which caused some controversy).

We are aware of the role of public expenditures in the economy. We are responsible for the decisions we make. We saved 114 billion dollars.

If you take the NDIS alone, it was growing at 22 per cent when we came into government. We’re reducing that to 8%… I think part of what we need to do is manage large programs that are growing very quickly, and that’s what we’re doing. So, the NDIS, aged care, but there are other areas where as finance minister I look at all these programs and think about what’s going on there and how we can reduce some of the growth or increasing pressure.

To share

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button