Federal Budget 2026: How Albanese Labor government will rake in cash

Treasurer Jim Chalmers has handed down the Budget for 2026.

Hundreds of billions in extra revenue - from cutting the NDIS and a suite of tax changes - will pay for a $250 gift to every worker plus create an election war-chest as Anthony Albanese positions Labor for the 2028 election. Today, our journos’ frank and funny take on Budget 2026. 

Read more about this story at theaustralian.com.au and see our videos by subscribing to our YouTube channel.

Every major announcement broken down

Oversold and underachieving: our snap verdicts

How Chalmers became the highest taxing treasurer of all time

This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet and edited by Jasper Leak, who also composed our music. Our team includes Lia Tsamoglou, Tiffany Dimmack, and Joshua Burton.

Hundreds of billions in extra revenue - from cutting the NDIS and a suite of tax changes - will pay for a $250 gift to every worker plus create an election war-chest as Anthony Albanese positions Labor for the 2028 election. Today, our journos&rsquo; frank and funny take on Budget 2026.&nbsp;
Read more about this story at <a href="http://theaustralian.com.au">theaustralian.com.au</a> and see our videos by subscribing to our <a href="https://m.youtube.com/playlist?list=PLfDC8EeZJyt1IVjv5bCRbFBkTl-VYpJyf">YouTube channel</a>.
<a href="https://www.theaustralian.com.au/nation/2026-federal-budget-full-breakdown-of-every-major-announcement/news-story/11eef8ceecfbfb8ac81fe27e0315a520">Every major announcement broken down</a>
<a href="https://www.theaustralian.com.au/nation/politics/oversold-underachieving-our-experts-budget-verdict/news-story/fc17d7e613d99d5d8c7a960153ef85fd">Oversold and underachieving: our snap verdicts</a>
<a href="https://www.theaustralian.com.au/nation/how-jim-chalmers-became-the-highest-ever-taxing-treasurer/news-story/b6a03045acb7f0fb01a4919aa7e13f9d">How Chalmers became the highest taxing treasurer of all time</a>
This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet and edited by Jasper Leak, who also composed our music. Our team includes Lia Tsamoglou, Tiffany Dimmack, and Joshua Burton.

The Front brings the unrivalled journalism of Australia's national broadsheet to audio, featuring behind-the-scenes insight from our newsrooms.

The Front brings the unrivalled journalism of Australia’s national broadsheet to audio, featuring each day’s essential page one stories, journalists’ candid take on the issues that matter and behind-the-scenes insight from our newsrooms. 

To find out more about The Front you can link here and for more from the newsroom at The Australian link here or search for The Australian in your app store.

The Front brings the unrivalled journalism of Australia&rsquo;s national broadsheet to audio, featuring each day&rsquo;s essential page one stories, journalists&rsquo; candid take on the issues that matter and behind-the-scenes insight from our newsrooms.&nbsp;
To find out more about The Front you can link <a href="https://www.theaustralian.com.au/nation/the-front/podcast/7e7d42e8c77b597cf8532d2e0c847e10">here</a> and for more from the newsroom at The Australian link <a href="https://www.theaustralian.com.au/">here</a> or search for The Australian in your app store.

The Front brings the unrivalled journalism of Australia’s national broadsheet to audio, featuring each day’s essential page one stories.

The Front

The Front brings the unrivalled journalism of Australia’s national broadsheet to audio, featuring each day’s essential page one stories, journalists’ candid take on the issues that matter and behind-the-scenes insight from our newsrooms.

To find out more about The Front you can link here and for more from the newsroom at The Australian link here or search for The Australian in your app store.

The Front brings the unrivalled journalism of Australia&rsquo;s national broadsheet to audio, featuring each day&rsquo;s essential page one stories, journalists&rsquo; candid take on the issues that matter and behind-the-scenes insight from our newsrooms.
To find out more about The Front you can link <a href="https://www.theaustralian.com.au/nation/the-front/podcast/7e7d42e8c77b597cf8532d2e0c847e10">here</a> and for more from the newsroom at The Australian link <a href="https://www.theaustralian.com.au/">here</a> or search for The Australian in your app store.

How Labor will rake in the cash

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/785bceb7-93ca-41c0-9766-b448004da824/transcript