The RBA is about to lose the interest rate debate:
Government subsidies for childcare, aged care and disability care have surged more than 20 per cent in the past year, but Labor has left the door open to more public spending ahead of the next election despite economists warning that this is unsustainable.
Explosive growth in spending on public servant wages and social programs propped up an otherwise anaemic economy in the June quarter, propelling federal government spending to a record share of economic activity.
