The five fastest growing areas of federal spending – health, aged care, NDIS, defence and interest payments – will grow to half of the budget by 2062-63, according to the intergenerational report.
The report, to be released in full by the treasurer, Jim Chalmers, on Thursday, finds those areas will grow from one-third of commonwealth government spending and increase by a total of 5.6% of gross domestic product over four decades.
