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Forty years of deficits ahead: Intergenerational Report · The Front

• 0:01
  Speaker 1: Today's biggest news from The Australian. I'm Claire Harvey with
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  Speaker 1: the front's afternoon headlines. Budget deficits for the next 40
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  Speaker 1: years and fewer births than deaths. That's the confronting forecast
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  Speaker 1: from the government's intergenerational report. A giant forecast prepared by
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  Speaker 1: bureaucrats that aims to forecast where policy is leading us.
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  Speaker 1: The economy is growing at its slowest sustained rate since
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  Speaker 1: World War II, with population growth slowing from an average
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  Speaker 1: of 1.4% per annum to 0.9% in the report. In
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  Speaker 1: the early 2060s, deaths will outnumber births for the first time,
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  Speaker 1: as fertility crashes to a record low of 1.34 live
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  Speaker 1: births per woman. There is some good news though. Our
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  Speaker 1: living standards will continue to rise. The economy will keep growing.
• 0:51
  Speaker 1: If you own a house, it'll keep gaining value. In fact,
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  Speaker 1: houses have quadrupled in price since 1999. And we'll all
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  Speaker 1: be paying a lot less in fuel excise to the
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  Speaker 1: government in future, as our uptake of electric vehicles continues
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  Speaker 1: to grow. To see all our expert analysis of the report,
• 1:09
  Speaker 1: go to beaustralian.com.au. Fans hoping to attend the AFL Grand
• 1:14
  Speaker 1: Final between the Brisbane Lions and Fremantle Dockers will have
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  Speaker 1: to shell out thousands to fly to Melbourne. For Dockers fans,
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  Speaker 1: it'll be $ 6, 000 for return flights from WA on Qantas
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  Speaker 1: or Jetstar or about $ 2, 500 on Virgin. Lions supporters travelling
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  Speaker 1: from Brisbane are looking at about $ 2, 400 on Qantas or
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  Speaker 1: a few hundred dollars less on Jetstar and Virgin. That's
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  Speaker 1: despite extra capacity being added by all airlines for Grand
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  Speaker 1: Final weekend. More than six months after the decades-long on-air
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  Speaker 1: partnership between Kyle Sanderlands and Jackie O. Henderson imploded, radio
• 1:50
  Speaker 1: network ARN has announced its new breakfast line-up. Bondi vet
• 1:53
  Speaker 1: Dr Chris Brown, Amy Gerrard and Jack Charles. They're tasked
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  Speaker 1: with closing a huge ratings gap that appeared following the
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  Speaker 1: end of the Kyle and Jackie O. show. Check out
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  Speaker 1: those stories live right now at theaustralian.com.au and come back
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  Speaker 1: to the front first thing in the morning for our
• 2:11
  Speaker 1: look at the trial of accused double murderer Beau Lamar Condon.
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  Speaker 1: He's pleaded not guilty to killing Jesse Baird and Luke
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  Speaker 1: Davies at Baird's Paddington home in 2024. That's right here
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  Speaker 1: Tuesday morning.