Treasurer cites 'hard road of reform' as he reveals 2026 federal budget

Treasurer Jim Chalmers has delivered his 2026 budget, which he says takes what he's called the 'hard road of reform'. At the heart of the budget are housing tax changes, and a $35 billion saving from reform to the runaway National Disability Insurance Scheme. Labor has been keen to portray this budget as one of spending restraint, after warnings by economists and Reserve Bank governor Michele Bullock that splashing out would only fuel inflation and risk further rate hikes.

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This episode was published on May 12, 2026.

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