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jim chalmers wears a suit with red tie and is pointing. VERDICT: Close to the mark

Hands put Australian coins into a wallet.

Red dirt with mining equipment on top.


A man wearing a navy suit grasps a blue booklet in two hands, in front of two microphones. The book is titled Budget Paper No. 1

A woman's hand holding an elderly patient hand.

"Today you could also consider the impacts of the Russian invasion of Ukraine and how that has affected global supply chains, or the slowdown in the Chinese economy following a significant change in PRC national policy priorities under Xi Jinping. Indeed, my view is the latter is the more important factor affecting Australian budget revenue estimates."

"It takes it into the realm of competing judgement calls, [which is] not something that can be fact checked."

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