Home World The Treasurer used his budget speech to spruik his government’s economic record. But did he stick to the facts?

The Treasurer used his budget speech to spruik his government’s economic record. But did he stick to the facts?

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The Treasurer used his budget speech to spruik his government’s economic record. But did he stick to the facts?


The tension created by the need to address cost-of-living pressures while not adding to them was front and centre in the Albanese government’s third budget, handed down last night.

And with an eye to the next election, Treasurer Jim Chalmers was eager to spruik the government’s economic credentials, as he saw them, in his budget speech.

But in doing so, did he stick to the facts?

To help you decide, Fact Check has rounded up some of the key claims Mr Chalmers made, served up with the context you need to understand them.

Windfalls saved this year, but what about later?

With keeping a lid on inflation a central theme of the budget, the treasurer highlighted Labor’s efforts to avoid pumping its budgetary gains back into the economy.

“[We] are banking 96 per cent of revenue upgrades this year — keeping pressure off inflation while it is still above band,” Mr Chalmers said.

Fact Check has looked at the government’s track record of banking its budget revenue upgrades before.



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