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Jon Cuthbert Profile pIcture
Jon Cuthbert

Jon Cuthbert

GrafaFounder & COO

Jon is a former international magazine editor with a strong background in business publications (print and digital) in the Middle East and Australia.

Articles by Jon Cuthbert

Grafa
Economy

Uncapped subsidies drive $48b budget revision as OECD urges tighter targeting

Treasury has revised future spending pressures up by $47.8 billion, driven by faster growth in major social programs.


The OECD has warned that universal subsidies risk worsening long-term budget sustainability, and are often used by higher-income households.

Read more: Uncapped subsidies drive $48b budget revision as OECD urges tighter targeting