Treasury has warned the Government that 'significant reforms' or 'reductions to public services' will be needed in the not-too-distant future if it sticks to its current, restricted spending track.

New reports reveal the Government will not post a surplus under the traditional Obegal measure until 2031 - even with this relatively tight spending.

Infometrics Principal Economist Brad Olsen explains the challenges impacting the Government - and how they can potentially turn this around.

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