ABS gets $235m for overhaul

Almost $235 million is being spent to improve the way official economic data is compiled and produced.

The Australian Bureau of Statistics will receive the funds over five years as it carries out a major transformation program, overhauling the processes and systems that support its production of important data, the federal government's budget papers said.

The bureau collects a wide range of social and economic data, and in 2014 admitted to errors in its jobs figures.