Labor government would present second 2022 budget to correct ‘decade of rorts and waste’, shadow treasurer says

Federal shadow treasurer Jim Chalmers says no single budget could possibly ‘undo all of the damage of the last 10 years, not even the last two’. Photograph: Joel Carrett/AAP

A Labor government would present a second “proper” budget in 2022 if elected to correct the “decade of rorts and waste” they expect to be bookended by treasurer Josh Frydenberg’s budget next week.

The shadow treasurer, Jim Chalmers, will tell the Australian Chamber of Commerce and Industry on Tuesday an Albanese government would release its own budget by the time of the traditional mid-year fiscal update in December, if not sooner.