Politics latest: Nation’s debt blows out as spending outstrips revenue

As Jim Chalmers looks for savings in the lead-up to his mid-year budget update this month, the independent fiscal scorekeeper has painted a worse-than-expected picture of the nation’s bottom line.

The latest debt picture reveals a blowout in the nation’s bottom line.

The live news article is now finished. Recap the best news from Canberra and around the country from Thursday.