Advertisement
Wednesday’s national accounts release from the Australian Bureau of Statistics (ABS) showed that government spending continued to be a key driver of GDP growth in 2025, continuing the strong growth experienced since the onset of the COVID-19 pandemic:
Chart by Alex Joiner (IFM Investors)
The National Disability Insurance Scheme (NDIS) is a key driver of the growth in public spending, alongside the boom in healthcare and social assistance jobs:
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.