How to fix the federal budget

Monday, 21 August 2023

The mainstream media is awash with articles scaremongering over Australia’s ageing population.

They have received advanced copies of the 2023 Intergenerational Report (IGR), which will be released publicly on Thursday by Treasurer Jim Chalmers.

The 2023 IGR reportedly says that the federal budget is facing a ginormous black hole as the number of elderly Australians overwhelms the welfare and aged care systems.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.