One economist warns that Australian policymakers will need to make tough decisions sooner or later as the latest budget papers reveal the soaring cost of ambitious social welfare programs like the National Disability Insurance Scheme (NDIS), which is predicted to exceed the cost of the defence portfolio. “They’ve got this long-term problem with trying to…
We Must Choose Between Cutting Mass Welfare or Drowning in Debt, Economist Warns
October 26, 2022
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AustraliaBill ShortenBusiness & Marketseconomic policiesGene TunnyInternationalNational Disability Insurance SchemeNDISWorld
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Record Spend on Renewables as Electricity Prices to Soar by 50 Percent in Australia
October 26, 2022
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2022 federal budgetAustraliaBusiness & Marketseconomic policiesGene TunnyinflationInternationalJim ChalmersRobert CarlingWorld
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Australians can expect their electricity bill to rise by another 56 percent over the next two years—according to budget estimates—with the Labor government banking on a wider rollout of renewable energy sources to help bring down prices. The soaring energy costs comes despite pledges from Prime Minister Anthony Albanese prior to winning the May election…
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