Head of capital markets Peter Attard Montalto joins a mini budget panel on Classic Business with Michael Avery alongside Annabelle Bishop, Professor Keith Engel and Lebogang Mulaisi.

“What is surprising here is there is no hint at all on any kind of political fiscal cycle. There is no mass spending going on here. It’s definitely not austerity, I know many leftist think tanks will have you think that this is massive austerity, it is not. Austerity, expenditure interest [sic] are still growing at a fair nick in these numbers,” says Peter.

Listen to the panel discussion below.