CANBERRA, ACT, Sept. 22 -- The Treasurer of Australia issued the following transcript:
Peter Stefanovic:
Well, we're all going to live longer, we're going to work less, retire later and the country will pay for it through the AI boom. That's about the crux of an Intergenerational Report that tries to predict how our great nation will look and fare in 40years' time.
So joining us live is the federal Treasurer, Jim Chalmers. Treasurer, good to see you this morning. So 4‑year forward estimates are often wrong, so how much faith can we really put in a report looking 40years into the future?
Jim Chalmers:
Morning Pete. Look, the crux of the Intergenerational Report is serious economic risks and pressures on the budget but really subst...