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Global conflict has severely disrupted global oil supplies and is contributing to higher inflation, slower growth, and extreme economic uncertainty at home and abroad. At the same time, there are big structural changes unfolding in areas like energy and technology, and longstanding challenges when it comes to productivity, intergenerational equity and access to home ownership that demand our attention. The 2026-27 Federal Budget seeks to help get us through global and local pressures.

Budget themes

Fuel supply and security

• Boosting Australia’s fuel security
• Strengthening supply chains
• Building resilience

Cost of living

• New tax cuts to help with the cost of living
• Helping with the cost of fuel
• More homes and a fair go for first home buyers
• More affordable and accessible healthcare
• Growing wages

Productivity

• Delivering on our productivity agenda
• Reducing the regulatory burden

Tax reform

• A better tax system for workers, first home buyers and future generations
• A better tax system for businesses
• A simpler and more sustainable tax system

Care and opportunity

• Securing the NDIS for future generations
• Better care for older Australians
• Strengthening Medicare
• Broadening opportunity and increasing equality

Security and investment

• Future Made in Australia
• A record funding boost for defence
• Building infrastructure for the future
• Responding to the Bondi attack

Budget papers

Budget Strategy and Outlook

Budget Measures

Federal Financial Relations

Agency Resourcing

Women's Budget Statement

Portfolio Budget Statements

Budget 2026