Government debt now fastest-growing spending pressure

By Poppy Johnston
Updated December 11 2023 - 4:20pm, first published 4:18pm
Jim Chalmers says higher interest rates will cost tens of billions of dollars extra over years. (Mick Tsikas/AAP PHOTOS)
Jim Chalmers says higher interest rates will cost tens of billions of dollars extra over years. (Mick Tsikas/AAP PHOTOS)

Interest payments have eclipsed the National Disability Insurance Scheme as the fastest-growing area of Commonwealth spending.

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