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Australia walks a fiscal tightrope in 2026 Budget

This year’s Budget requires some difficult decisions by the Government as it deals with a fiscal position already deteriorating before the hit from the Middle East conflict.

Australian Treasurer Jim Chalmers is expected to announce big changes to capital gains tax rules.

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Australian Treasurer Jim Chalmers will bring down the Labor Government’s fifth federal budget tomorrow night and, without doubt, it will be the most consequential since the party returned to power in 2022.

Chalmers has a tough challenge. His topline brief is to rein in government spending so it

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Lachlan Colquhoun Mon, 11 May 2026
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Australia walks a fiscal tightrope in 2026 Budget
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