Tag: disaster resilience
1 article
Australia's Disaster Resilience Plan Threatens Fiscal Burden Shift
The Australian government's Disaster Resilience Plan could significantly shift the financial burden of disaster recovery onto Queensland, the Northern Territory, and Western Australia, adding to the country's already staggering $1.051 trillion federal gross debt forecast for 2026-27. This proposed 50:50 cost-sharing arrangement aims to simplify and standardize disaster funding, but may leave states and territories footing a larger bill.