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The Latest Breaking News from Federal Budget

What we know so far about tax, housing, fuel and broken promises in the federal budget

The long sell for Labor’s budget package means we know a lot about what to expect on Tuesday night

The Guardian - AU

Super shake-up wins support as budget savings spruiked

Changes to the superannuation performance test will unlock more investment opportunities, the sector says, but concerns are raised over the scheme's integrity.

AAP

Almost $4bn more for Victoria’s contentious Suburban Rail Loop to be included in federal budget

Additional funding for the costly 90km public transport project promised before state’s November election

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

Ask your questions about the 2026 Australian federal budget

Got a burning question about capital gains, NDIS, Medicare or EV tax breaks? Use the form to send your question in and our team will get the answer on Tuesday

The Guardian - AU

Budget funding to target online radicalisation threat

More than $70 million will be spent in the federal budget on setting up a centre for online counter-terrorism work.

AAP

'Train to nowhere': fury at Inland Rail cutback

A major rail corridor spanning much of Australia's east will be left half finished due to budget blowouts as furious farmers brand it a major missed chance.

AAP

Jim Chalmers rules out fuel excise extension and downplays hopes for tax relief in ‘most responsible’ budget yet

The treasurer also says May federal budget will play ‘helpful not harmful role in fight against inflation’

The Guardian - AU

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Budget to address 'immediate needs' of households: PM

The upcoming federal budget is widely tipped to pare back incentives for property investors as the prime minister promises to tackle intergenerational inequity.

AAP

Fiscal restraint to define federal budget as costs rise

Health, defence and welfare commitments are among fiscal pressures weighing on the federal budget as Treasurer Jim Chalmers vows to put a lid on spending.

AAP

Hopes of wartime windfall shot down for federal budget

The federal treasurer is being urged not to grandfather tax breaks for asset-holders in the budget as the economic impact of the Iran war worsens.

AAP

Negative gearing tax breaks could finally be tightened in the May budget. What options are on the table?

In the lead-up to the May federal budget – now just a fortnight away – Treasurer Jim Chalmers has left the door open to winding back negative gearing, used by around 1.1 million investors for rental properties.

The Conversation

Regis Healthcare Shares Soar 16% on Australian Budget Aged Care Funding Boost

Shares in Regis Healthcare Ltd surged more than 16% on Thursday as investors cheered a major federal budget announcement that promises significant changes to aged care funding, providing fresh tailwinds for Australia's largest listed residential aged care provider.

International Business Times

Tinkering with the capital gains tax discount isn’t enough. Here’s why it needs to go

It looks increasingly likely Treasurer Jim Chalmers will make changes to the capital gains tax (CGT) discount in the federal budget in May.

The Conversation

Politics with Michelle Grattan: former minister Ed Husic on why Labor must ‘stare down’ gas companies over tax

Next month’s federal budget is an even tighter balancing act than usual, with Treasurer Jim Chalmers facing global economic uncertainty, a fuel crisis and the need to juggle cost-of-living relief with combating inflation.

The Conversation

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AAP

Spoils of Iran war to deliver Chalmers a budget boost

The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.

GOBankingRates

Here’s How Much More Would You Need to Save if Social Security Is Capped at $50K

The "Six Figure Limit" proposal from the Committee for a Responsible Federal Budget looks to target top earners to help close part of the funding gap.

The Conversation

Halving the fuel excise is smart politics, but flawed policy

With fuel prices staying high, the federal government has announced a halving of the fuel excise for three months. This will cost the federal budget A$2.55 billion, according to Treasurer Jim Chalmers.

Fortune

‘No, we didn’t’: DOGE staffers admit Elon Musk’s cost-cutting agency failed to reduce the federal deficit

At DOGE’s inception, Musk claimed the advisory could slash $2 trillion from the U.S. federal budget.

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Fortune

A 'debt spiral,' before a fiscal crisis: interest on the national debt will be growing faster than GDP in just 5 years, think tank warns

The Committee for a Responsible Federal Budget sees a critical threshold crossing by 2031—and the consequences could be nearly impossible to reverse.

The Times of India

“Investing in people, securing the future”: UAE launches Federal Budget Yearbook 2026 with AED92.4 billion plan

The UAE Ministry of Finance has launched the Federal Budget Yearbook 2026 under the theme “Investing in People, Securing the Future”, outlining how government spending will support social development, economic growth and long-term financial sustainability. The yearbook highlights a balanced federal budget of AED92.4 billion, reflecting the country’s focus on…

Fortune

'The conflict in Iran demonstrates why we need to keep our national debt at a reasonable level': think tank sees economic emergency around the corner

The Committee for a Responsible Federal Budget warns that war spending could tip into a fiscal crisis — and it's calling for a pre-built escape plan.

AAP

'Broken and unfair': states urge change to GST carve-up

The cost to Australian taxpayers of a contentious GST carve-up will rise by another $6.6 billion in 2026/27, sparking fresh anger from critics of the deal.

Reason

It's the Spending, Stupid!

The truest measure of government in our lives is the federal budget, which is out of control.

AAP

Renewables growth energises spending as inflation rises

Capital expenditure has been rising fast in Australia as the treasurer warns stubborn inflation will mean savings are needed in the budget.

The Conversation

Canada’s new open banking legislation could help women experiencing economic abuse

The year 2026 is poised to be a breakthrough one for open banking in Canada. Bill C-15 — which would implement measures from the 2025 federal budget — is currently before Parliament.

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