Today, the treasurer, Jim Chalmers, will release the sixth intergenerational report and unless it deals predominately with climate change it will be irrelevant.
The impetus for the intergenerational report was mostly Peter Costello wanting reasons to say we need to reduce debt and keep the budget in surplus. The opening of the first report sets it out pretty clearly, noting it “provides a basis for considering the commonwealth’s fiscal outlook over the long term and identifying emerging issues associated with an ageing population”.
