The federal and state government spending splurge has hit the highest level since the end of World War II, due to a massive ramp-up in outlays on disability support, aged care and childcare.
The National Disability Insurance Scheme is the chief culprit, accounting for $52 billion in costs and making Australia among the biggest government spenders on disability in the world.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
