Guest host Simon Cowan reenters the budget bunker to discuss the second federal budget in 2022 with Australian Financial Review Economics editor in Parliament House, Canberra John Kehoe. Simon and John break down the budget and cover what the mainstream media has missed.

It's Labor's turn. After a victory in the Federal Election in part due to the former Liberal Government's mishandling of the economy, the new Federal Treasurer Jim Chalmers is set to deliver his 'wellness' budget. Are we set for more big government spending? Can Labor turn around Australia's deficit woes? Will Labor keep their promise of additional funding to health and defence?