Treasury discovers over $6b in unfunded costs ahead of budget

Federal Treasury has discovered over $6 billion in unfunded costs, ahead of the October budget.

The discovery comes after Treasurer Jim Chalmers this week boasted a $50 billion lower forecast deficit than originally predicted in April.

Both Dr Chalmers and Finance Minister Katy Gallagher say they are continuing to work through the fiscal challenges inherited from the Morrison government.

Delayed roads and rail project are the biggest unfunded cost, followed by delayed payments to flood victims and COVID-related payments.

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