Business Council Warns Spending Could Worsen Cost-of-Living Crisis

In October 2024, the International Monetary Fund (IMF) advised Australia to implement a more restrictive fiscal policy to combat inflation.

Australian dollars in Sydney, on Jan. 15, 2016. AAP Image/Joel Carrett

The Business Council of Australia (BCA) has called on the government to cut spending and focus on more effective budget management to combat inflation.

In its report, Australia’s Priorities for the 2025 Federal Election, BCA Chief Executive Bran Black emphasised the need for tighter fiscal controls, warning that current spending trends could exacerbate the cost-of-living crisis.