Podcast episode 77: Federal Budget 2026 - From policy announcements to practical impact

This episode explores the 2026 Federal Budget’s key tax reforms, the economic outlook and business impacts across housing, investment and national resilience.

KPMG's Federal Budget executive summary The Budget forecasts aggregate deficits in the underlying cash balance over the forward estimates period to 2029-30 of $150.5 billion. Federal Government net debt is expected to be $767.8 billion in 2029-30, or 21.9% of GDP. Encouragingly, unemployment is expected to remain relatively steady at no more than 4.5 percent over the period to 2029-30. Those in work will welcome the $250 annual tax offset against employment income from 2027-28. It was fl...

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Authors: Natalie Raju, Kaylene Hubbard,

Published Date: 12 May 2026