A blowout in government spending on the $49 billion National Disability Insurance Scheme is adding to inflation and will make it harder for the Reserve Bank of Australia to cut interest rates, new economic analysis warns.
Disability sector-related employment has been responsible for more than one in five new jobs created since February 2020.
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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 election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
