‘Fortune has deserted Jim Chalmers’: Economist warns of growing budget deficits

An expert claims fortune has deserted Treasurer Jim Chalmers as budget forecast shows cash deficits will total $220 billion between now and 2028. Economist Chris Richardson argues the Treasurer oversaw a favourable environment, which allowed him to bank two surpluses. Mr Richardson argues luck is running out, and Mr Chalmers’ spending has ruined the chance to set the budget for the long haul.