Watch FIFA World Cup 2026™

LIVE, FREE and EXCLUSIVE starting June 12 2026

Watch

Tax cuts next year despite $42bn deficit in new Budget

Published
Treasurer Jim Chalmers has warned of 'storm clouds' gathering in the global economy as he revealed his budget plan. The tax cuts are seen as a pre-election' sweetener to encourage voters to re-elect the Albanese government.
Tags
Australia
Politics
Share

Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world