SYDNEY (Reuters) - The Australian federal government will have to spend about half its total budget on health, aged care, defence, disability support ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSYDNEY - The Australian federal government will have to spend about half its total budget on health, aged care, defence, disability support and debt repayments by 2063 up from about a third now, official forecasts showed on Monday.
Ahead of the report's formal release on Thursday, Treasurer Jim Chalmers said though he felt optimistic about the future, the country must adapt and understand the major challenges for the economy ahead. Australia's total spending on health was expected to increase the most as a share of GDP over the next 40 years, with the care economy increasing from around 8% of GDP currently to around 15% in 2062-63, according to the report.
Australia's population growth is projected to slow to an average of 1.1% over the next 40 years versus 1.4% over the past 40. The total population is projected to reach 40.5 million in 2062-63, broadly similar to the last report in 2021, from about 26 million now.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Soccer-Wiegman disappointed in defeat but proud of LionessesBy Christian Radnedge SYDNEY (Reuters) - England coach Sarina Wiegman said her team could be
Lire la suite »
Australia to buy U.S. Tomahawk missiles to boost long-range strike capabilityBy Renju Jose SYDNEY (Reuters) - Australia will spend A$1.3 billion ($833 million) to boost its long-range strike capabilities as it finalised on ...
Lire la suite »
Soccer-Wiegman names unchanged England side while teenager Paralluelo starts for SpainBy Christian Radnedge SYDNEY (Reuters) - England coach Sarina Wiegman named an unchanged side for the Women's World Cup final at Stadium Australia on ...
Lire la suite »
Soccer-Spain fans celebrate World Cup gloryMADRID (Reuters) - Jubilant Spain supporters cheered loudly and waved flags after their team beat England 1-0 in Sydney, Australia on Sunday to win the ...
Lire la suite »
Australia's $1.5 trln pension sector invests in debt againBy Lewis Jackson SYDNEY (Reuters) - Australia's A$2.4 trillion ($1.54 trillion) pension sector grew its investments in local and foreign debt by more ...
Lire la suite »
IN PHOTO: Inaugural Sydney Mines Highland GamesSYDNEY MINES, N.S. — More than 1,800 people came to watch 15 kilted heavy-event competitors and other participants at the Sydney Mines Highland Games on ...
Lire la suite »