Irrefutable Facts from the ABS: Mismanagement at Its Worst
The Australian Bureau of Statistics (ABS) has laid bare the impact of the Labor Party’s economic mismanagement. While the government continues to pour billions into projects like the National Broadband Network (NBN)—with an additional $3 billion on the table to marginally improve internet speeds for some households—the costs fall squarely on taxpayers. At an estimated $5,000 per household, this is yet another burden on Australians already grappling with skyrocketing living costs.
Here are the latest figures illustrating the ongoing strain on Australian households:
- Gas prices: up 36%
- Electricity prices: up 32%
- Financial and insurance costs: up 18%
- Rents: up 17%
- Food prices: up 12%
- Education costs: up 11%
- Health expenses: up 10%
These alarming statistics reflect more than just numbers—they represent real hardship for families and individuals trying to make ends meet. While these are the current increases, we all know the cost of living is out of control and shows no sign of stabilising.
It’s time for accountability and for prioritising policies that deliver tangible benefits to all Australians, not just costly headline projects. The focus must shift to measures that address inflation, reduce energy prices, and provide relief to struggling households. Otherwise, this cycle of unchecked spending and soaring costs will continue to erode the financial security of everyday Australians.
