Why has the NDIS blown out? Because almost nobody exits the scheme
Michael ReadEconomics correspondent
The number of people exiting the National Disability Insurance Scheme is less than half official forecasts, fuelling projections that Treasurer Jim Chalmers will need to find another $5.7 billion in next month's federal budget to plug cost overruns.
The original design of the NDIS envisaged that people would gradually exit the scheme after receiving support that helped them build independence and gain employment.
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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
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