Australian Federal Budget 2025-26

Helping you understand what the Budget means for Australian households and businesses.
Budget report

Federal Budget 2025-26

Federal Budget 2025-26 with Chief Economist Luci Ellis

Key initiatives^

Income tax rate cut

16% to 14%

Lowest tax rate cut 1% per year in 2026 and 2027.

Infrastructure investment

$17.1bn

Over 10 years for road and rail to aid productivity and liveability.

Strengthening Medicare

$11.9bn

Increase bulk billing, public health funding and staffing.

Cheaper medicines

$2.5bn

New and amended PBS listings and reduced co-payment.

Energy bill relief

$1.8bn

Extra $150 energy rebate for households and small business in 2025.

Cutting student debt

20% reduction

For outstanding student debt. Income threshold also raised.

Latest articles

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March 27 2025 4 mins

Key new initiatives specifically for SMEs.

2025 Federal Budget: What does it mean for the construction sector

March 27 2025 4 mins

Key new initiatives for the construction sector.

Federal Budget March 2025–26 with Chief Economist Luci Ellis

March 26 2025 10 mins

The key initiatives and implications for Australia's economy.

Things you should know
^ For key initiatives, cost is for the five years from 2024/25 to 2028/29 inclusive, unless otherwise stated.

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