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Analysis:
Analysis
12 Mar 2026
5 minute read

Australian Federal Budget 2026-27

Dr Pradeep Philip
 
In the first Federal Budget since Labor’s re-election last year, the Australian Federal Budget 2026-27 will be handed down by Treasurer Jim Chalmers on Tuesday 12 May 2026. 
 
The Treasurer has indicated that this year’s budget will be ambitious, and will include a productivity package, a savings package and the government will consider whether more steps can be taken on tax reform.

Previous Reports:
Federal Budget 2025-26 report

The Budget reveals that an underlying cash deficit of $27.6 billion is estimated for 2024-25, a $0.7 billion downgrade compared to the expectation in the Mid-Year Economic and Fiscal Outlook (MYEFO) in December 2024.

Federal Budget 2024-25 report

Future Made in Australia: A major focus on industry policy, featuring significant tax incentives for green metals, hydrogen, and battery manufacturing.

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Meet the team

Dr Pradeep Philip

Dr Pradeep Philip

Lead Partner, Deloitte Access Economics
+61 416 214 760

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