Daunting task of budget repair unavoidable as trillion dollar debt, deficits over horizon loom large

With all the economic noise about the cost of living and wages growth, the big challenge of "budget repair" after massive pandemic spending has taken a surprisingly low profile during the election campaign.

But whoever wins the May 21 election will have the mammoth task of confronting budget deficits as far as the eye can see and government debt fast approaching a trillion dollars.

So what are the solutions and will either major party take hard and unpopular decisions to get the budget back in balance?

I speak with economists Jo Masters and Stephen Koukoulas

I also speak on ABC NewsRadio on the proposal to allow home buyers to dip into their superannuation

Source: Current government debt on issue from Aust Office of Financial Management AOFM