2026 Federal Budget outcome: Treasurer Jim Chalmers unveils $6 billion deficit reduction

The Treasurer says the budget’s looking better than even he expected. Why? Record tax revenue - and a big chunk of it is from all of our superannuation accounts. 

The target cash rate is up to a 15-year high and unemployment is up too - but the Treasurer says the budget’s looking better than even he expected. Why? Record tax revenue - and a big chunk of it is from all of our superannuation accounts. Economics correspondent Matthew Cranston is here.

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

Deficit $6bn lower ahead of expected rate hike, Treasurer Jim Chalmers says

Jim Chalmers’ deficit reduction helped by increased superannuation tax take

Commentary by Matthew Cranston: Jim Chalmers’ higher-than-expected tax take in final budget outcome comes from super

Interest rates rise to 4.6 per cent, 15-year high, in blow to homeowners and Anthony Albanese

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

The target cash rate is up to a 15-year high and unemployment is up too - but the Treasurer says the budget&rsquo;s looking better than even he expected. Why? Record tax revenue - and a big chunk of it is from all of our superannuation accounts. Economics correspondent Matthew Cranston is here.
Read more about this story at <a href="http://theaustralian.com.au">theaustralian.com.au</a> and see the video by subscribing to our <a href="https://m.youtube.com/playlist?list=PLfDC8EeZJyt1IVjv5bCRbFBkTl-VYpJyf">YouTube channel</a>.
<a href="https://www.theaustralian.com.au/breaking-news/budget-pressures-growing-despite-better-bottom-line/news-story/db9399fdb77ca03c926c83a5e7080f09">Deficit $6bn lower ahead of expected rate hike, Treasurer Jim Chalmers says</a>
<a href="https://www.theaustralian.com.au/nation/politics/jim-chalmers-deficit-reduction-helped-by-increased-superannuation-tax-take/news-story/a077e53faca27294b32fdfe88f4272a9">Jim Chalmers&rsquo; deficit reduction helped by increased superannuation tax take</a>
Commentary by Matthew Cranston: <a href="https://www.theaustralian.com.au/commentary/jim-chalmers-higherthanexpected-tax-take-in-final-budget-outcome-comes-from-super/news-story/e36435da25f900f3f574d333774e7b12">Jim Chalmers&rsquo; higher-than-expected tax take in final budget outcome comes from super</a>
<a href="https://www.theaustralian.com.au/nation/politics/interest-rates-rise-to-15year-high-in-blow-to-homeowners-and-anthony-albaneses-agenda/news-story/d37cfb8a5d442113b106d7fc7c167d29">Interest rates rise to 4.6 per cent, 15-year high, in blow to homeowners and Anthony Albanese</a>
This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet and edited by Joshua Burton. Our team includes Lia Tsamoglou, Tiffany Dimmack, and Jasper Leak, who also composed our music.&nbsp;

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 insights from our newsrooms.

Read more at theaustralian.com.au and see the video episodes by subscribing to our YouTube channel.

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 insights from our newsrooms.
Read more at <a href="http://theaustralian.com.au">theaustralian.com.au</a> and see the video episodes by subscribing to our <a href="https://m.youtube.com/playlist?list=PLfDC8EeZJyt1IVjv5bCRbFBkTl-VYpJyf">YouTube channel</a>.

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

The Front

How your super is fuelling Jim Chalmers’ budget brag

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/4a1798db-5cab-4389-a569-b4d4007f5e63/transcript