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Prime Minister Anthony Albanese and Treasurer Jim Chalmers pictured with budget cost-of-living themes including health, housing and fuel.

Live updates: Treasurer Jim Chalmers set to hand down the 2026 federal budget

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What we know so far and what to expect

Tonight's federal budget is shaping up as a wide-ranging package targeting housing, tax reform, defence and cost of living.

The government has signalled a push to address intergenerational inequity, with changes to

Airlines warn against higher travel charges in budget

Australia's aviation industry is preparing for the possibility of higher costs in tonight's budget, amid reports the government could lift the passenger movement charge (PMC) from $70 to $80.

The PMC is a tax levied on most passengers departing Australia for another country, whether by air or sea.

What economists are saying about the 2026 budget

Federal budgets are as much political documents as they are economic ones — and this year's is no exception.

Economists and policy analysts say the government is trying to balance several competing pressures at once: easing cost of living concerns, avoiding measures that could add to inflation, and maintaining fiscal discipline ahead of the next election cycle.

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Federal Budget 2026

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Australian Politics

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A $100 billion Australian sector is struggling. For Angela, it means 'working twice as hard'An inflation headache, a stronger Aussie dollar, and falling fuel prices — for nowAustralia's 'most liveable city' is also one of its most affordable — but will it last?An uneasy relationship with diversity emerges in Farrer ahead of One Nation vote test

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Eurovision: Delta Goodrem joins competition favourites as the party begins in Vienna

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Vienna is living up to its reputation as the ‘City of Music’ this week as it readies to host the 2026 Eurovision Song Contest. Fans in their thousands have flocked to the Austrian capital to watch performers walk the turquoise carpet for the opening ceremony parade. Among the contenders is Australia's entrant, Delta Goodrem, who's hoping to eclipse them all. This year’s event is taking place amid growing controversy over Israel’s participation, with broadcasters from Spain, Ireland, the Netherlands, Iceland and Slovenia boycotting over the war in Gaza. SBS is a member of the European Broadcasting Union and will continue to broadcast Eurovision in Australia.

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Watch Insight on Tuesday 12 May at 8.30pm (AEDT) on SBS and SBS On Demand

The unrelenting pursuit of climbing the career ladder and achieving success has many questioning if the rat race is still worth running. Insight looks at why some of us prefer the rat race, why some are opting out, and asks: Is there a way to still run the race, without it running us?

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Adam Liaw goes inside Changi Prison. With rare access to the maximum-security wing reserved for those convicted of the most serious offences, Dateline investigates Singapore's tough stance on crime.

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