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The Latest Breaking News from Jim Chalmers

Morning Mail: budget’s $45bn bottom-line improvement, Starmer’s make-or-break moment, Trump’s ceasefire threat

Jim Chalmers aims for better budget bottom line amid speculation about major reforms; Muslim group complains to electoral commission

The Guardian - AU

How the federal budget became unlocked – and allowed the digital world in

As Treasurer Jim Chalmers prepares to hand down another federal budget, attention is once again turning to one of Canberra’s most tightly controlled democratic traditions: the budget lock-up.

The Conversation

In this year’s budget, Chalmers has to keep a lid on spending – or risk stoking inflation

Crafting a federal budget is never easy. Tonight’s budget is harder than most.

The Conversation

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Calls for options in budget to ease pressure on parents

Parents are hoping the federal budget will include more choice, transparency and reform when it comes to child care by providing more subsidy options.

AAP

Is the Howard era over? Albanese and Chalmers are betting the budget it is

With baby boomers outnumbered on the electoral roll, Labor are finally emerging from their shell to address intergenerational unfairness

The Guardian - AU

Budget contains $45bn bottom-line improvement over four years as Jim Chalmers promises ‘spending restraint’

Anthony Albanese says ‘very wide-ranging budget’ will have a focus on housing, productivity and fuel security

The Guardian - AU

What To Expect From Tomorrow’s 26/27 Australian Federal Budget

The Albanese government hands down the 2026 federal budget tomorrow night. Here’s a simple guide to the key changes amidst the jargon.

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'Need to do more': Labor to lift lid on housing reform

Australians are under financial pressure and the government cannot "just sit back", the prime minister says, as his treasurer prepares to hand down the budget.

AAP

Budget boost to tackle growing ranks of homeless youth

Helping homeless young Australians to find a place to live is the aim of a $60 million federal budget measure to even the odds of renting a room.

AAP

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

Budget to include extra $2bn for infrastructure – as it happened

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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

Grattan on Friday: The Farrer result will set off a willy willy. The budget already has

The run-up to a budget always sees a degree of chaos. But this year it has looked like one of those willy willies that blow up in outback Australia when the wind stirs a storm of dust.

The Conversation

What Avril Lavigne can teach Chalmers ahead of budget

The best thing the federal government can do to boost productivity in the budget is to make things less complicated for businesses, a top economist says.

AAP

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The Guardian - AU

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

AAP

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

AAP

Treasurer warned on household handouts ahead of budget

Millions of Australians could receive an income offset in the budget, but the Reserve Bank is cautioning against the federal government increasing spending.

The Conversation

Next week’s budget to reduce electric vehicle FBT concession

Next week’s budget will contain cutbacks to the concessional treatment of electric vehicles (EVs) that will save the government $1.7 billion over the budget period.

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The Guardian - AU

Labor extends EV tax break to encourage cheaper vehicles amid soaring fuel prices

As the cost of the scheme blows out, the government has announced the full discount will be retained for another year, after which it will only apply to EVs costing less than $75,000

The Conversation

View from The Hill: the art of political spin – defending a broken promise as ‘building trust’

In his first term, Anthony Albanese was highly reluctant to break promises. He resisted for a long time recalibrating the Coalition’s tax cuts, because he had undertaken to deliver them intact.

The Guardian - AU

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

Australia and Japan commit to ‘support the flow’ of energy – as it happened

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AAP

Right tax moves matter more than mandates: treasurer

Expected changes to negative gearing or capital gains tax would not break an election promise because they would be for the right reasons, Jim Chalmers says.

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.

The Conversation

View from The Hill: Albanese sensitive on one tax reform that won’t be in the budget

With all the talk about the May 12 budget containing significant tax reform, Anthony Albanese sounded very sensitive when confronted about one big reform his government won’t be making.

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