The Albanese Government’s record spending is driving inflation and pushing interest rates higher, placing unbearable pressure on Australian families.

Australian families have now had to endure 14 interest rate rises under the Albanese government.

Each rate hike is not just a number; it’s real money out of family budgets. For a typical mortgage, Australians are now paying around $180 more each month compared to just a few months ago. That’s groceries, school costs, and essentials families are being forced to sacrifice

Labor’s out-of-control spending is fuelling inflation, and everyday Australians are being punished for it.

• Australia is in a bad financial situation—ongoing overspending, rising deficits, and ballooning debt. The numbers speak for themselves:Total government payments this financial year are expected to reach $786 billion.
• Over the next four years, spending will surge $878 billion, with cumulative deficits around $150 billion.
• Gross government debt is set to soon exceed $1 trillion, reaching $1.22 trillion by 2028-29—a staggering 8% of GDP.
• Net interest payments on this debt are now one of the fastest-growing budget expenses, projected to hit over $38 billion by 2028-29.

This financial recklessness is unsustainable. The government cannot continue to spend beyond its means while burdening future generations with crippling debt.

Tell Jim Chalmers to rein in government spending before it’s too late.

Please click here to support the important work of FamilyVoice.