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Australian Federal Budget 2026-27

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. 

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A tax perspective

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.

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Contact us

Stephen Smith

Stephen Smith

Partner, Deloitte Access Economics
+61 2 6263 5079
Meghan Speers

Meghan Speers

Managing Partner, Tax & Legal
+61 3 9671 7073
Cathryn Lee

Cathryn Lee

Partner, Deloitte Access Economics
+61 2 6263 7189

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We would like to acknowledge the contributions of our authors and contributors in preparing this report.

Authors: Stephen Smith, Meghan Speers, Cathryn Lee

Contributors: Peta McFarlane (Director – Tax & Legal), Dan Weber (Associate Director – Deloitte Access Economics), Amy Rossi (Senior Consultant – Tax & Legal), Diana Carosi (Manager – Tax & Legal) and Amy Kerrigan (Consultant – Deloitte Access Economics).