Canberra — A massive and previously unpublicised $47.8 billion budget correction has detonated inside the federal budget papers, triggering a political firestorm and raising serious questions about the Albanese government’s grip on the nation’s finances.
The extraordinary adjustment — quietly embedded in recent budget documents and not highlighted to the public — is one of the largest forecasting errors ever recorded in Commonwealth budget history. Its emergence has sent shockwaves through Canberra, placing Treasurer Jim Chalmers and senior Treasury officials under intense pressure to explain how such a colossal discrepancy went unnoticed — or unmentioned — for so long.
You're Missing the Best Part!
This article is exclusively for Gold Members — our most loyal and informed readers.
Join today to unlock the full story, enjoy an ad-free experience, and support independent local journalism.
Start your 2-week free trial — then it’s less than $1/month. Cancel anytime.
Already a member? Login here
