Resilience and reform

Building an economy that works for all Australians

The Treasurer delivered the Federal Budget on Tuesday 12 May 2026

Budget documents

Papers detailing planned revenue and spending for the coming financial year

Overview

Overview documents highlighting the key measures for this Budget

Calculator

Estimate your tax cut by entering your annual taxable income in to the calculator

Budget themes

Fuel supply and security

Responding to the global oil shock

Cost of living

Taking pressure off Australians

Productivity

Making our economy more productive

Tax reform

Tax reform for workers, businesses and future generations

Care and opportunity

Strengthening care and broadening opportunity

Security and investment

Building a resilient and secure Australia

Budget priorities

Use this tool to show the most relevant measures for the topic selected

New tax cuts

More tax cuts to all Australian taxpayers, with additional tax cuts in 2026 and 2027

Boosting fuel and fertiliser security

Securing fuel now and building reserves for the future

Relieving pressure on fuel users

Interest-free loans to help manufacturing and logistics businesses

Tax cut for Australian workers

$250 Working Australians Tax Offset to help with cost of living

Cheaper medicines

Cutting the cost of life-saving medicines

Building housing infrastructure

Local housing infrastructure to support up to 65,000 new homes

Reducing red tape

Cutting regulatory burden by $10.2 billion per year

Lowering taxes for businesses

New measures lowering taxes for businesses and start-ups

Helping more home owners

Reforms to support an additional 75,000 homeowners

Record funding for hospitals

$25 billion additional investment for public hospitals

Better aged care

More beds, more support packages and better care for older Australians

Funding boost for defence

A record additional $53 billion investment in defence

Significant road and rail projects

$8.6 billion for nationally significant road and rail projects

Reserving gas exports

Reserving 20 per cent of gas exports for Australians

Accelerating approvals

Faster environmental and foreign investment approvals