Labor’s missing $8b for housing makes a mockery of budget
More than 80 per cent of the $10 billion that the government committed to build 100,000 homes for first buyers was nowhere to be seen in its election costings.
When Treasurer Jim Chalmers and Finance Minister Katy Gallagher unveiled their election costings this week, there was a glaring omission in Labor’s official document.
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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
