US EditionFind out if you're among the budget's winners or losers
- Treasurer Jim Chalmers presented his fourth federal budget, which includes significant income tax cuts starting in July 2026, with reductions from 16% to 15% and further to 14% by July 2027.
- The federal government plans to provide $21 billion in new spending on programs like Medicare and infrastructure while cutting taxes by $14 billion due to projected revenue increases.
- The budget commits $178 million to social cohesion measures and $1.2 billion for disaster recovery, reflecting a wide range of support across sectors.
- The budget anticipates a $42 billion deficit for 2025-26 while aiming for economic growth despite warnings from Chalmers about potential impacts from global trade tensions.
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The graphs that explain the federal budget
The federal budget has fallen back into deficit after two consecutive years of surplus.The fiscal plan outlined by Treasurer Jim Chalmers tonight featured tax cuts for every taxpayer and heavy investments in health and education.Here are the graphs that explain the 2025-26 federal budget.WINNERS AND LOSERS: Who benefited, and who missed out in this year's budgetEXPLAINED: The surprise tax cut coming for every single Aussie taxpayerTWO-MINUTE GU…
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Total News Sources12
Leaning Left2Leaning Right5Center0Last UpdatedBias Distribution71% Right
Bias Distribution
- 71% of the sources lean Right
71% Right
L 29%
R 71%
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