Budget 2024: Moody's warns big 'structural' spend will leave budget ...

Moody’s has warned that health, aged care and other “structural spending pressures” could leave future federal budgets mired in deficit and make surpluses difficult, even as it says it is unclear whether new cost-of-living measures will add to inflation.

The influential credit ratings agency said – in a note on its view about the budget handed down on Tuesday – that the broader issue was weak productivity and “how effective spending programs such as Future Made in Australia are in allocating resources”.

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Fetching latest articles