AU Annual Budget Release
Domestic government spending and borrowing levels can have a significant impact on the economy - increased spending generates work for contractors and creates jobs, while borrowing levels impact the nations credit rating and provide insight into the nation's underlying fiscal position;
This document outlines the government's budget for the year, including expected spending and income levels, borrowing levels, financial objectives, and planned investments;
- History
| Expected Impact / Date | Description |
|---|---|
| May 12, 2026 | |
| Mar 25, 2025 | |
| May 14, 2024 | |
| May 9, 2023 | |
| Oct 25, 2022 | |
| Mar 29, 2022 | |
| May 11, 2021 | |
| Oct 6, 2020 | |
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- AU Annual Budget Release News
From budget.gov.au|May 12, 2026The conflict in the Middle East has triggered substantial economic and energy disruptions across the world. It is driving global inflation higher, global growth lower, and has compounded uncertainty and volatility at home and abroad. The conflict is compounding cost pressures faced by Australians; straining some supply chains, and the impacts on our economy will be felt for some time. The impact of high global oil prices is expected to significantly add to inflationary pressures in the near term, with headline inflation forecast to ...
From gomarkets.com|May 11, 2026Tuesday, 12 May 2026, at roughly 7:30 pm AEST, Treasurer Jim Chalmers will stand up in Canberra and deliver the 2026-27 Federal Budget. According to Budget.gov.au, that is when the Budget is officially released, with the Budget papers going live online at the same time. But this is not just another Budget night. The Treasurer is putting together a fiscal plan while rates are moving higher, not lower. That is what makes this one feel different. The Reserve Bank of Australia (RBA) lifted the cash rate to 4.35 per cent on 5 May, its ...
From @financialjuice|Mar 25, 2025Australia sees unemployment rate at 4.25% in 2024/25 and staying there through 2027/28 Australia sees GDP growth at 1.5% in 2024/25, 2.25% in 2025/26, 2.5% in 2026/27 Australia sees 2024/25 budget deficit of a$27.6 bln, 2025/26 deficit of a$421 bln. Australia sees CPI inflation at 2.5% in 2024/25, 3.0% in 2025/26, and 2.5% through 2027/28 Australia sees net debt rising to 23.1% of GDP in 2028/29
From youtube.com/markets|Jun 11, 2024Australian Treasurer Jim Chalmers says his country is on track for a soft landing as a result of "moderating inflation and a resilient labor market." He also says that the relationship with China can be "complex to manage" but there are "good economic dividends" from engaging with Beijing. Chalmers speaks to Haidi Stroud-Watts on the sidelines of the Morgan Stanley Australia Summit in Sydney.
- From budget.gov.au|May 14, 2024
Global growth is expected to remain subdued over the next few years as the effects of high inflation, restrictive macroeconomic policies, geopolitical tensions, and challenges in the Chinese economy weigh on the outlook. Global growth is forecast to remain flat at around 3¼ per cent in 2024, 2025, and 2026. This would represent the longest stretch of below-average global growth since the early 1990s. While fighting inflation remains the primary task, as inflationary pressures abate and labour markets soften, the global policy focus ...
From bnnbloomberg.ca|May 12, 2024Australia’s budget will feature a bigger boost for the nation’s critical minerals industry, Treasurer Jim Chalmers said, describing the lucrative market as a “golden opportunity” just days ahead of releasing his annual fiscal blueprint. “The critical minerals space is one of the reasons why there is so much attention from global and domestic investors, but we need to make sure we can attract and deploy that,” Chalmers said in an interview with Bloomberg in Canberra on Sunday. The treasurer will release the budget on Tuesday night, ...
From bnnbloomberg.ca|May 11, 2024The Australian government has promised to spend billions on housing programs as it tries to appease mounting voter angst about a chronic shortage of homes. The new package, announced ahead of next week’s budget which is expected to focus on the cost of living, is mainly comprised of funding commitments for the country’s states and territories. It includes A$9.3 billion ($6.1 billion) over five years to build and repair social housing and combat homelessness, A$1 billion for new housing infrastructure like roads and sewers, and A$1 ...
From theconversation.com|May 7, 2024|3 commentsThe Reserve Bank is now assuming Australians will see no interest rate cuts this year – and quite possibly none before the next federal election, due next May. That’s a big change compared to just three months ago. Back in February, the Reserve Bank assumed three rate cuts before the middle of the next year. Its newly-updated assumptions have interest rates remaining high for the rest of this year, then declining only slowly, with a cut by May 2025 about as unlikely as it is likely. chart The assumptions are based on financial ...
| Released on May 12, 2026 |
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| Released on Mar 25, 2025 |
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| Released on May 14, 2024 |
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