Victorious Labor government facing massive economic challenge of "budget repair" as debt approaches a trillion dollars

Anthony Albanese inherits an economy that remains fragile as it recovers from the pandemic and a hazardous world of surging inflation and rising interest rates.

That means pressure on growing on Labor to outline how it plans to rein in budget deficits over the horizon and debt approaching a trillion dollars. 

Here's my analysis on the ABC's AM program where I speak with AMP chief economist Shane Oliver

I also spoke on ABC NewsRadio with Tom Oriti