Predictions the government's finances are going to be in very good shape, as it prepares to open the books.

Treasury's putting out the Pre-election Economic and Fiscal Update or preefoo today.

ANZ Economist Cameron Bagrie said it's likely to reveal billions of dollars in the black.

And he told Andrew Dickens it's not just a surplus built with borrowed money.

"We've got government debt 25 percent of GP which is the low end of the international spectrum. Our debt metrics are actually world class if you loom at the fiscal accounts."

LISTEN ABOVE AS CAMERON BAGRIE SPEAKS WITH ANDREW DICKENS