Australia's first wellbeing framework is about to measure what matters – but it's harder than counting GDP

MickTsikas/AAP

In an implicit admission that the Commonwealth budget may not measure what really matters, Treasurer Jim Chalmers is about to release what he is calling “Measuring What Matters” – Australia’s first national wellbeing framework.

The statement was to have been released as part of this year’s May budget, and an earlier hurriedly-prepared attempt was included in Chalmers’ 2022 budget.