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2025-12-17 14:23:10
[HSBC Points to Strong Australian Public Spending Growth, Government's "Sharp Slowdown" Target Shows "Ambitiousness"] 1. A recent analysis by HSBC points out that the Australian government's forecast of a significant slowdown in public spending appears "ambitious," showing a clear gap between the actual data and the strong growth trend. 2. HSBC Chief Economist Paul Bloxham, citing Treasury data, stated that in the fiscal year ending June 2026, Australia's real public spending is expected to grow by 4.5%, exceeding expectations and demonstrating continued expansionary momentum. In contrast, the government's official forecast for the next fiscal year is a sharp slowdown to 0.3%, which, if realized, would be the weakest public spending growth in the country in over a decade. Analysts believe that achieving such a sharp slowdown target will be challenging given the continued strong spending.
