Government Overspending on Unprofitable Sectors Could Destroy Australia’s Wealth: Expert Warns

The prime minister defended the RBA’s monetary policy, adding the government has many schemes assisting households with cost of living.
Government Overspending on Unprofitable Sectors Could Destroy Australia’s Wealth: Expert Warns
People cross a street in Melbourne's central business district in Melbourne, Australia, on Aug. 14, 2024. William West/AFP via Getty Images
Naziya Alvi Rahman
Updated:
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Prime Minister Anthony Albanese said that his government has launched several measures to tackle cost of living, but an expert warns that government spending can only help if directed at projects that can generate a positive return.

Graham Young, executive director of the Australian Institute for Progress and pollster, has pulled the government up for overspending as reflected in the latest GDP numbers released by Australian Bureau of Statistics.

Naziya Alvi Rahman
Naziya Alvi Rahman
Author
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].
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