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By Rodrigo Santos Andrade
‘Excessive government spending’: Interest rate hike causes analysed
visibility comment0 event February 1, 2026 timer 05:59
Macrobusiness Chief Economist Leith Van Onselen says inflation is so high due to “excessive government spending”.
“Australia’s inflation is so high … because public demand, which is basically government spending is at a near-record high share of GDP,” Mr Van Onselen said.
“It is actually the highest in Australia’s history outside of the pandemic.”
Tags: Australian News, Breaking News Australia, Sky News Australia
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