Growth in government spending continues to outpace aggregate GDP growth, resulting in public sector spending as a proportion of GDP peaking at 28.5 percent next financial year; up from 24.1 percent in 2018-19.
Electricity prices up 40% since May 2022
Australian's in 7 consecutive quarter per capita recession (never seen before)
Gross debt balloons to $1.22 trillion by the end of 2028-29, an increase of $283 billion over debt levels projected for the end of this financial year
3 million Australians facing homelessness threat
1.5 million Australians in mortgage stress
Business Bankruptcies at a 25 year high
Largest decline in household disposable income in the OECD
