The size of government just gets bigger in Australia no matter which party is in power, meaning taxpayers are losing more of their hard-earned money to fund public spending.
Conservative Party leader Cory Bernardi is calling for restraint in government spending and for a debt limit to be reintroduced.
The Morrison government's mid-year economic and fiscal outlook (MYEFO) published on Monday shows federal government revenue as a share of the economy is poised to hit 25.5 per cent – the highest since 2005-06 during the twilight years of the Howard Coalition government and well above the 22 per cent recorded during the Whitlam Labor government in the 1970s.
Federal spending this year is also elevated at 24.9 per cent, despite the Coalition limiting average real spending growth below a moderate 2 per cent a year.
If Labor wins next year's federal election as polls suggest, government will almost certainly get bigger, inching Australia closer towards European welfare states.
To see Senator Bernardi's attack on exploding government debt from his 2017 Budget Reply Speech, click the box below:
To read John Kehoe's full article, click here.
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