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Everything you need to know about the budget
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Everything you need to know about the budget

The winners and losers, how it affects you and our top experts break down what the federal budget means.

13 stories
Albanese and Chalmers shake hands.

Labor’s surprise ‘top-up’ tax cut is enough for a cup of coffee – and a brazen pitch for votes

The opposition has already rejected Labor’s surprise tax cut, but did not rule out an alternative plan.

  • by David Crowe
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The winners and losers from the 2025 budget.
Analysis

Are you a winner or a loser in this budget?

Nurses, schoolchildren and beer drinkers all had reason to toast this year’s budget. Some notable others much less so.

  • by Paul Sakkal
Treasurer Jim Chalmers.
Analysis

Was this really the budget we needed? Our experts deliver their verdicts

Shane Wright, Ross Gittins, Peter Hartcher, Jacqueline Maley and Matthew Knott break down the economic and political implications of the budget.

  • by Shane Wright, Ross Gittins, Peter Hartcher, Jacqueline Maley and Matthew Knott
The budget is a big document, we break it down for different types of people.
Analysis

How the budget affects you – from students to retirees

The government hopes this budget will help secure your vote at the upcoming election. We explain who is getting what out of it.

  • by Natassia Chrysanthos and Mike Foley
Treasurer Dr Jim Chalmers and Prime Minister Anthony Albanese on Tuesday.

Everything you need to know about the new tax cuts

Two 1 per cent tax cuts will form the core of the Albanese government’s offer to voters as it chases a second term in office. Here’s how they will work.

  • by Millie Muroi and James Massola
Australians tell us what they think of the federal budget.

We asked what you thought of the budget. Here’s what you said

We asked these Australians to tell us what they thought of the budget. Here is what they said.

  • by Daniel Lo Surdo, Brittany Busch, Riley Walter, Hannah Kennelly, Alexander Darling, Cassandra Morgan and Jessica McSweeney
Everything you need to know about the budget.

The five-minute budget: Everything you need to know

Take a look at all the major measures in this year’s budget – and the challenges it faces.

  • by Natassia Chrysanthos and Mike Foley
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The government is timid, uninspired and uninspiring. This budget fits it perfectly
Analysis

The government is timid, uninspired and uninspiring. This budget fits it perfectly

When Jim Chalmers says Labor’s new tax cuts are “modest”, he’s not exaggerating. However, this is a budget we’ve wished on ourselves.

  • by Ross Gittins
The bidding war for the healthcare vote has reached $12 billion before the campaign has even begun.
Analysis

Albanese and Dutton are bidding to buy your vote, with no regard for the price

Australians are about to be invited to an auction where Anthony Albanese and Peter Dutton bid for votes with competing claims about personal tax cuts.

  • by David Crowe
Treasurer Jim Chalmers
Analysis

Chalmers didn’t give much away. The real gift could come later this year

The treasurer’s fourth budget could easily have been a pre-election spendathon that stoked inflation, but the central bank chief can breathe a sigh of relief.

  • by Shane Wright
An extra $5 a week might not be much, but it’s intelligent
Opinion

An extra $5 a week might not be much, but it’s intelligent

The budget reveals the political calculus of a government heading into an election, not one bracing the country for a new era of global tectonic shocks.

  • by Peter Hartcher
Treasurer Jim Chalmers and Prime Minister Anthony Albanese looking over the budget documents this morning.
Analysis

The budget that nobody wanted ... and nobody might get

There’s a big problem with not expecting to have to deliver a budget – by the time it comes around, you’ve already used up your best material.

  • by Jacqueline Maley
Australian workers will be free to change jobs for a pay rise more easily under an Albanese government proposal to ban non-compete agreements that prevent staff defecting to other employers or starting their own business.

The fine print that makes it easier to quit your job – and earn more money

Up to 3 million workers will be free to change jobs under a government proposal to ban non-compete agreements that prevent staff defecting to other employers.

  • by Nick Bonyhady
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Original URL: https://www.watoday.com.au/politics/federal/everything-you-need-to-know-about-the-budget-20250326-p5lmns.html