A blowout in spending on the National Disability Insurance Scheme has forced the Australian government to make tough cuts to rein the program in ahead of its May budget.

On this week’s episode, economy reporter Swati Pandey discusses how NDIS spending rose so rapidly, concerns about misuse of the program, and how the government plans to fix it with greater oversight, curbs on fraud and tighter eligibility rules.

A blowout in spending on the National Disability Insurance Scheme has forced the Australian government to make tough cuts to rein the program in ahead of its May budget.
On this week&rsquo;s episode, economy reporter Swati Pandey discusses how NDIS spending rose so rapidly, concerns about misuse of the program, and how the government plans to fix it with greater oversight, curbs on fraud and tighter eligibility rules.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business. 

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

The Bloomberg Australia Podcast

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

How the NDIS Became a Budget Blowout, And the Race to Fix It

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e77c0146-dfbc-46f6-a0d5-b435003b3a2e/transcript

Australian mortgage holders got some relief this week after the Reserve Bank left interest rates unchanged, pausing after three consecutive hikes. But has the central bank finished tightening? And what does the outlook for inflation, growth and global risks mean for investors?

On this week's podcast, Chris Bourke speaks with Adam Bowe, Australian head of portfolio management at global investment giant Pimco. Bowe explains why Pimco believes the RBA has likely done enough, why the next move in rates is more likely to be down than up, and why Australian bonds are among the most attractive opportunities in global fixed income markets today.

Australian mortgage holders got some relief this week after the Reserve Bank left interest rates unchanged, pausing after three consecutive hikes. But has the central bank finished tightening? And what does the outlook for inflation, growth and global risks mean for investors?
On this week's podcast, Chris Bourke speaks with Adam Bowe, Australian head of portfolio management at global investment giant Pimco. Bowe explains why Pimco believes the RBA has likely done enough, why the next move in rates is more likely to be down than up, and why Australian bonds are among the most attractive opportunities in global fixed income markets today.

Why This Giant Investor Thinks the RBA’s Next Move is a Rate Cut

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d0b286a2-78ce-4bae-b054-b46d002d0cad/transcript

SpaceX is finally heading to the stock market in what could become the biggest IPO in history. The Elon Musk-founded company is seeking a valuation of around $1.75 trillion, a debut that could make Musk the world’s first trillionaire and test investor appetite for one of the most ambitious businesses ever brought to public markets.

On this episode, host Chris Bourke speaks with New York-based IPO reporter Bailey Lipschultz about the excitement gripping Wall Street, the risks behind SpaceX’s eye-watering valuation, and what the deal could mean for the next wave of AI listings from OpenAI and Anthropic. Is this the start of a new era for markets – or the ultimate test of the Musk premium?

SpaceX is finally heading to the stock market in what could become the biggest IPO in history. The Elon Musk-founded company is seeking a valuation of around $1.75 trillion, a debut that could make Musk the world&rsquo;s first trillionaire and test investor appetite for one of the most ambitious businesses ever brought to public markets.
On this episode, host Chris Bourke speaks with New York-based IPO reporter Bailey Lipschultz about the excitement gripping Wall Street, the risks behind SpaceX&rsquo;s eye-watering valuation, and what the deal could mean for the next wave of AI listings from OpenAI and Anthropic. Is this the start of a new era for markets &ndash; or the ultimate test of the Musk premium?

Could the SpaceX IPO Make Elon Musk the World’s First Trillionaire?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ab440847-0883-483f-b3df-b4650018d0cc/transcript

Fresh polling has delivered one of the biggest political shocks in decades: Pauline Hanson’s One Nation is now Australia’s most popular party, overtaking Labor and the Coalition on primary vote. The surge comes amid growing voter frustration over cost-of-living pressures, higher interest rates and a budget that many Australians feel has done little to ease household strain.

On this episode, Rebecca Jones speaks with Bloomberg Economy and Government Editor Michael Heath about what’s driving One Nation’s rise, whether it reflects a broader shift in Australian politics, and what it means for Labor and the Coalition. Is this a temporary protest vote, or the beginning of a fundamental political realignment?

Fresh polling has delivered one of the biggest political shocks in decades: Pauline Hanson&rsquo;s One Nation is now Australia&rsquo;s most popular party, overtaking Labor and the Coalition on primary vote. The surge comes amid growing voter frustration over cost-of-living pressures, higher interest rates and a budget that many Australians feel has done little to ease household strain.
On this episode, Rebecca Jones speaks with Bloomberg Economy and Government Editor Michael Heath about what&rsquo;s driving One Nation&rsquo;s rise, whether it reflects a broader shift in Australian politics, and what it means for Labor and the Coalition. Is this a temporary protest vote, or the beginning of a fundamental political realignment?

What One Nation’s Rise Means for Australian Politics

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e955b98c-6122-41e3-8406-b45f0021162f/transcript

How the NDIS Became a Budget Blowout, And the Race to Fix It

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