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Federal Budget 2026 releasing soon: Will it ease the cost of living pressure for Australians?

Treasurer Jim Chalmers and Minister for Finance Katy Gallagher speak to the media during a press conference at Parliament House in Canberra, Monday, May 4, 2026. Source: AAP / MICK TSIKAS/AAPIMAGE
As Australia prepares for the federal budget amid economic uncertainty, Treasurer Jim Chalmers says it will be his most responsible budget yet. With many asking whether it will bring relief from rising living costs and what new tax decisions could mean for households, this podcast explores the key measures, their likely impact on everyday life, and what Australians can expect in the months ahead.
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