New Zealand, Australia face long-term spending crisis
Simon Cowan, at last weekend’s Liberty & Society conference, addressed the pressing issue of Australia’s ballooning federal expenditure and the huge economic and social impact this will have if spending isn’t curbed soon. The elephant in the room that Cowan, a research fellow at the Centre for Independent Studies, is referring to is Australia’s dwindling economic growth, an ageing population and the rapidly rising healthcare and pension costs associated with the demographic shift. Read more