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Joel Fitzgibbon warns Jim Chalmers about government spending as rate hike looms

visibility comment0 event January 30, 2026 timer 00:07

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Former Labor cabinet minister Joel Fitzgibbon has warned the Albanese government to wind back public spending to take pressure off the economy as inflation soars and rate hikes loom.

“Some economists today will be asking about the amount we’re spending on the NDIS in particular where you see a crowding out of the labour market, which is again putting pressure on inflation,” Mr Fitzgibbon told Sky News Australia.

“At some point the government is going to have to become very very serious about winding government spending further back to take pressure of the economy more generally.”

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