In this episode, Oliver talks with Eric about Budget 2026, which brings the forecast surplus forward a year but rests on a series of lucky breaks, from oil prices falling to fiscal discipline surviving the election and coalition negotiations.

They weigh what is driving spending well above 2019 levels, the case for superannuation reform, council incentives to go for growth, the shrinking public service, and why Treasury's tobacco and alcohol excise forecasts keep going wrong.