Will the Government Borrow More Money to Pay Down the Debt?

Treasurer Jim Chalmers is promising to begin paying down the trillion dollars of debt he's inherited. He plans to borrow less money and no doubt ditch some of the former government's bigger spending commitments. The NDIS minister Bill Shorten revealed this week that the budget will forecast the scheme could cost more than $50 billion a year by 2025. And Ruby, there's also, of course, another uncapped huge cost the Treasurer is bracing for. Won't be in Tuesday night's budget, but will be in the next one and probably the next one after that. We'll be back after this.