Tag #Economic Spending

What is the total amount of the increased government spending and what are its primary components?

Australia's government announced a $35 billion increase in spending before the upcoming election, primarily driven by $17 billion in tax cuts and increased spending on healthcare, infrastructure, and social programs. This brings government spending to 27% of the economy, the highest since 1985-86 excluding pandemic years. The increase aims to ease cost-of-living pressures and bolster the government's standing before the election.