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Hey big spenders: Where the budget is blowing out

Federal spending reached 26.9% of GDP this financial year, driven by aged care, NDIS, health, defence, and interest costs, marking the highest share since the pandemic.

Jim Chalmers is under growing political pressure over government spending and its role in interest rate movements. But where has spending changed since 2022?

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Sydney Morning Herald broke the news in Sydney, Australia on Sunday, February 8, 2026.
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