Federal budget 2026 live updates: treasurer Jim Chalmers to present budget speech tonight – latest news
Summary
Australia’s federal treasurer, Jim Chalmers, will present the 2026 budget focusing on fixing problems in the tax system and housing market. The budget also considers the effects of the Middle East war on fuel prices and inflation. The government wants to make the tax system fairer and help younger Australians with housing.Key Facts
- Jim Chalmers is Australia’s federal treasurer responsible for the 2026 budget speech.
- The Middle East war has worsened inflation and slowed economic growth in Australia.
- The government plans to change the tax system to treat income from work and other sources more equally.
- The housing market is not working well, especially for younger Australians.
- The budget aims to help lower deficits and strengthen the economy.
- Australian finance minister Katy Gallagher said the budget will focus on building more houses and using all government tools to address housing issues.
- Some Australian politicians discussed the possibility of alliances between political parties for upcoming elections.
- Australians on a ship affected by hantavirus are being flown to the Netherlands for evacuation, not directly home.
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