IMF outlook for world economy could herald dark clouds for Australia

Analysis: Treasurer Jim Chalmers will no doubt reveal inherited budget bungles but he won't need to look far for new tales of economic woe

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Incoming treasurers invariably discover black holes" in inherited budgets and then accentuate the economic negatives to lower the bar for future comparisons.

In Jim Chalmers' case, expect an array of perceived budgetary bungles over the past decade of Coalition rule to be revealed ahead of his October debut budget.