‘Spending like drunken sailors’: Economist believes government spending is fueling inflation

Yesterday, the RBA has confirmed that interest rates will remain at 4.35 per cent with most economists having predicted that outcome.

Chief Economist and co-founder of Macro Business Leith van Onselen joined 3AW Mornings to discuss the hold on interest rates and the inflation we are seeing as a result of government spending.

“The state government is spending like drunken sailors on infrastructure projects,” van Onselen said on 3AW Mornings. 

Click PLAY to listen the full chat with Leith van Onselen on 3AW

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