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Chalmers didn’t know a key budget number. This is why it matters

John Kehoe

Treasurer Jim Chalmers failed to recognise a $47 billion deficit figure in his budget, in an oversight that leading economist Saul Eslake says exposes how the major parties gloss over so-called off-budget spending that a credit rating agency has also sounded the alarm on.

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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com

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    Original URL: https://www.afr.com/policy/economy/chalmers-fails-to-recognise-47b-deficit-in-his-budget-20250430-p5lvi2