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Josh Frydenberg

Australia must prepare for an ageing population

Productivity will have to lift if fewer working people are to support more Australians blessed with longer lives.

With the budget back in balance for the first time in 11 years and on track to return to surplus, it’s important that we focus not just on the "what" but the "why".

At $19 billion per annum, our interest bill is more than double what we invest in childcare and nearly as much as we spend on schools.

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Josh Frydenberg is a former federal Treasurer. Connect with Josh on Facebook and Twitter.

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    Original URL: https://www.afr.com/link/follow-20180101-p53bm6