Federal Budget 2026-27

The 2026-27 Federal Budget highlights a widening deficit peaking at $34.4bn and significant long-term spending commitments in defence and healthcare.

Key Takeaways

• 1.The budget deficit is projected to widen to $34.4bn in 2028-29 before narrowing to $25.3bn in 2029-30.
• 2.Defence spending is a major priority with $53.0bn allocated over 10 years to strengthen deterrence and threat response.
• 3.Net debt is forecast to rise from 18.8% in 2025-26 to 21.9% by 2029-30.

Table of Contents

• Economic Highlights
• Budget position
• Key Initiatives
• Defence spending
• Hospital funding
• Tax offset
• Australia's fuel security
• Pharmaceutical Benefits Scheme
• Fuel cost relief

Document Preview

Page 1 of 1

Subscribe for full accessStart Free Trial