Budget repair urgent as massive debt bomb poses "dire risks" - Monday Finance with Peter Ryan

While there are signs that Australia's economy is slowly recovering from the pandemic, attention is turning to the onerous task of "budget repair" with massive and debt and deficits stretching out for years ahead.

That onorous challenge of reining in spending is likely to be complicated by next year's federal budget with growing speculation that additional income tax cuts and other measures are in a campaign war-chest to lure voters.

I speak with former Treasury official Stephen Anthony from Macroeconomics Advisory who warns a looming $1.2 trillion debt billion poses "dire risks" in a world of rising interest rates.