CANBERRA, ACT, Sept. 22 -- The Treasurer of Australia issued the following transcript:
Sally Sara:
Well, the federal government has released the latest Intergenerational Report outlining how an ageing population is expected to reshape the economy in the next 40years. The report predicts for the first time that deaths will outpace births in Australia by the mid‑2060s. Jim Chalmers is the federal Treasurer and joins me in our Parliament House studio. Treasurer, welcome back.
Jim Chalmers:
Nice to see you, Sally.
Sara:
In the next 4 decades we'll be in deficit territory. Have you given up on ever returning to a budget surplus?
Chalmers:
No, not necessarily. The Intergenerational Report does paint a picture of some pretty serious ...