Alabanese has been asked about his 'ambitious' policies, rising expenditure and a trillion dollars of debt.

He's been asked what could be on the table when debates on how to pay for these issues happen.

"We'll continue to engage in economic, social, and environmental policy reform," Albanese says.

"I have said very clearly I want to be the lead - a government that has a crack, that has a go."

"We're up for the debate. We're up for ideas. And we'll continue to engage.

"So I see it as a continuous process not something that says, we'll have this on this date, something that after the October budget we'll have another process that leads into the May Budget, where we'll give consideration including to the changed circumstances which are there.

He says at the moment inflation is a global issue that countries are also facing.