Would I be correct in assuming that the problem that most see with Australia is continuing budget deficits caused by increasing welfare spending (NDIS etc) , reliance on government for healthcare and social services and not enough incentive for private enterprise in entrepreneurs?
This sounds like a page out of the Liberal party songbook, but there are relevant questions about how big government should be, and whether those that can afford to pay for their own healthcare, child care, education etc should be required to do so.
All sorts of issues would arise from these questions, it's the eternal battle of ideology, but us usual the practical considerations are often overlooked and buried under the ideological vomit.
It's certainly a very large problem, but certainly not the largest.
Australia is being systematically, deliberately, destroyed. Absurd welfare spending is one of many strategies being employed. It's so insanely obvious at this point, you can only fail to see it either with a metaphorical blindfold or because you're looking at it from within and can't manage to see things with a rational perspective, which will generally be due to decades of intense brainwashing.
I've already discussed several of the issues in this thread, and others are as obvious as they are too counter narrative to be legally typeable now, and things being illegal to type is yet another serious issue - you've never in all of history had the good guys being this keen to quash free speech and open discussion. Honest people love sunlight, only bad guys want to shut you up, because with full open transparent discussion, the truth comes out anyway.
One of the most obvious issues is that Australia is mass importing low quality people with no hope of becoming production members of society. The scum of other countries' populations they don't want. Australia is stupid enough to take them in so of course other countries will gleefully rid themselves of the worst among them.
Can you imagine, and perhaps you can't, going back anything more than 20 years ago and suggesting that it will somehow be a good idea to import large numbers of people who don't share the culture or national identity, don't want to, and we should give them more legal leeway than native born and bred citizens if they are caught committing crimes including violent or sexual? Can you imagine (and again, perhaps you're brainwashed enough to be unable, not to single you out personally, but probably more than half of Australians are these days, including conservatives to a surprising extent) 20-30+ years ago or any sane person at any time or place in history, not realising this is bad for a country? Right throughout history, countries have defended themselves from invaders because to neglect doing so means your own destruction every time. Police are literally finding any excuse possible to protect foreign crime gangs to the greatest extent they can plausibly deny being deliberate to a marginal majority of the local population.
Sure, massive spending on welfare and things like those jobkeeper or double dole payments etc during the covid years were always going to cause economic catastrophe (I was posting about it on this forum as soon as they announced such insanity), so of course the inflation we've been seeing in the last few years should surprise no one (but so many are stupid enough to still think it was caused by anything other than what it was), but it's not the largest problem. When the government itself works hard to demonise anyone who celebrates Australia Day, the day specifically designed to make people love their country, be proud of it, care about it and want to protect it, and the population is trained to believe that patriotism itself is a shameful thing, it takes some high level insanity not to see that the country is being deliberately destroyed.
When I was a young child and first read The Emperor's New Clothes I completely failed to understand it. When I was a couple of years older to finally understand the concept I was confused and didn't think it could really happen. When I was a little older, still a child, I was horrified to actually observe the phenomenon, but I was well into adulthood before I realised more than a rare few people could be as insane as required to fail to see something as obvious as what's happening in countries like Australia right now, and even less than 15 years ago when I gave up and left Australia I didn't think mainstream insanity could get as extreme as what I observe now.
So, no, you would not be correct in that assumption.