Government spending blamed for mortgage pain | Sunrise

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NSW Premier Chris Minns has joined calls for governments to reduce spending to combat inflation, as interest rates reach a 15-year high. Mortgage holders are struggling with rising repayments while economists argue government deficits of $30 billion annually are draining economic resources and forcing the Reserve Bank to raise rates higher. Dr Christian Baylis argues governments should run surpluses and redirect spending from low-productivity areas to infrastructure projects that boost supply-side productivity. Get the latest news » https://7news.com.au 7Plus » https://7plus.com.au/ More from Sunrise » https://sunrise.com.au Subscribe to Sunrise » https://7news.link/SunriseSubscribe Subscribe to the Sunrise newsletter » http://7sunrise.link/Newsletter Connect with Sunrise online: Facebook » https://www.facebook.com/Sunrise Instagram » https://www.instagram.com/sunriseon7/ TikTok » https://www.tiktok.com/@sunriseon7 X » https://x.com/sunriseon7 #SunriseOn7 #7NEWS

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