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Business

Jacob Shteyman

Baby bonus not on the cards to halt fertility freefall

Jim Chalmers Peter Costello Australia Andrew Leigh Joanna Kordina

Australia's fertility rate is below replacement and will slide to 1.34 births in 40 years' time. (Dan Peled/AAP PHOTOS)

Boosting access to childcare, reintroducing the baby bonus or increasing migration have been floated to arrest Australia's population slowdown.

The latest Intergenerational Report - the seventh since the triennial document was introduced by Peter Costello and the second under Treasurer Jim Chalmers - projected for the first time that deaths will outnumber births by 2066.

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