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Federal Budget 2026

SBS News brings you the latest Federal budget 2026 news, analysis and explainers, with clear coverage of the major announcements, political reaction and what the budget means for Australians.

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The latest Federal Budget 2026 news, announcements, analysis and reactions
Jim Chalmers speaks at a podium in front of Australian flags while Anothny Albanese watches him.
A relocatable home.
A composite graphic of Australian Prime Minister Anthony Albanese and One Nation leader Pauline Hanson looking serious and sternly peeking over her glasses, set against the backdrop of Parliament House in Canberra under a dark blue sky.
A man wearing a black suit
A map of New Zealand lit up in gold surrounded by dollar signs and question marks. The background shows money motifs on the shape of Australia and a calculator.
Anthony Albanese, Jim Chalmers and Angus Taylor amid debate over Labor’s proposed trust tax reforms.
A woman speaks to reporters inside a government building, with microphones and journalists gathered around her during a media interview.

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Dr Sam Bennett is the Disability Program Director at the Grattan Institute (Supplied).jpg
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NDIS CUTS PRESSER
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HOUSING STOCK QUEENSLAND
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ANU SECURITY CONFERENCE

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02:27
The government's signature tax changes revealed in the May budget have now passed the lower house. The opposition is promising to repeal the changes to capital gains and negative gearing if it wins the next election.
03:49
BUDGET.jpg
02:21
03:14
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