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19 FEB 2026
Currently there is a bias towards the short term in government spending decisions which has contributed to consolidated government debt levels rising over time. To enable governments to engage better with their citizens on the medium-term pressures and trade-offs in government spending we recommend the adoption of Treasurers’ Fiscal Statements. This new mechanism has the potential to create greater public awareness of and engagement with government spending to ensure Australia’s fiscal sustainability.
Published 19/02/2026
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