The Albanese Government’s record spending and rising debt are placing enormous pressure on Australian families and future generations.

After years of inflation and repeated interest rate rises, Australians are still paying the price for a government that continues to spend beyond its means.

The latest Federal Budget confirms that Canberra’s spending continues to grow at unsustainable levels, while deficits and debt remain deeply entrenched.

The numbers speak for themselves:

· Federal gross debt is now forecast to exceed $1 trillion in 2026-27.

· The Budget still forecasts a $31.5 billion deficit for 2026-27, with deficits continuing for years to come.

· The latest Budget includes approximately $77 billion in higher taxes over the decade.

· Government spending has surged well beyond pre-COVID levels, with payments projected to remain around 26–27% of GDP, compared with around 24% of GDP in 2018-19 before the pandemic spending era.

· Treasury documents show public debt interest payments remain among the fastest-growing areas of expenditure.

Australians are working harder, paying more tax, and struggling with higher living costs — yet the government continues to rely on higher spending, higher debt, and higher taxes.

This financial path is not sustainable.

Australia cannot continue piling debt onto future generations while families struggle with housing costs, energy bills, groceries, and rising everyday expenses.

Tell Jim Chalmers and the Albanese Government to rein in spending, restore fiscal discipline, and put Australian families first.

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