Projected spending on the NDIS has blown out by $13.1 billion over the past year, with the scheme now the fastest-growing area of expenditure, and Treasury has warned the costs will increase by a further $17.2 billion over the next four years without better decision-making.
The Australian Financial Reviewrevealed in March the program was running well above its budget this financial year, based on monthly spending data the government has since stopped publishing.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
