Shane Oliver on government spending, the $1 trillion debt and your super

Bonafide with Luke Bona · Oct 14, 2026 · 21m

If you heard our full episode on 2 October, you have already had this one. This is Luke's chat with Shane Oliver on its own, for anyone who just wants the money talk.

The Reserve Bank lifted the cash rate to 4.60% on 29 September, and AMP chief economist Shane Oliver says that if he had to single out one cause, it's too much government spending. It now makes up about 28% of the economy, and he explains why cutting it would spread the pain beyond people with a mortgage, and which projects could wait a few years.

Luke asks who Australia owes its $1 trillion debt to, and who collects the…