Our key focus is providing meaningful cost-of-living relief to Australian families.
The Budget update shows a $200 billion improvement in the budget position since we came to office, which means less debt, lower interest costs, and more room for the essential investments our government has made in Medicare, childcare, and housing.
We’re delivering more tax cuts for every working Australian to help with the cost of living.
With our 5 tax cuts, a worker on an average income will be up to $2,800 better off every year.
We’re introducing a new instant tax deduction, so you can claim up to $1,000 without receipts.
Real change to help you earn more and keep more of what you earn.
A good, secure job can change your life. And free TAFE is giving more Australians that opportunity.
More than 740,000 Australians have enrolled in courses from aged care to agriculture.
We’ve made free TAFE permanent, so even more Australians can get the skills they need.
And we’re backing new construction apprentices with a $10,000 cash bonus, helping more future tradies finish their training.
Hard work should pay off.
We’ve backed a pay rise for Australia’s lowest paid workers again and again. Now, the minimum wage is more than $12,000 a year higher.
Unfair junior pay rates are being scrapped, giving young adult workers in retail, fast food and pharmacy a pay rise.
You should always be able to get the medicine you need, without worrying about the cost.
That’s why we’ve cut the cost of medicines on the Pharmaceutical Benefits Scheme (PBS), so the most you’ll pay is just $25.
And we’ve made hundreds of expensive medicines cheaper for everyone with new PBS listings covering conditions like breast, prostate and lung cancer.
You shouldn’t have to choose between getting a degree and paying the bills.
That’s why we’ve introduced paid prac for student teachers, nurses, social workers and midwives.
We’ve cut student debt by 20%. And we’ve changed the rules so you can earn more before you have to start paying it back.
When you’re sick, seeing a doctor shouldn’t be a struggle.
With the biggest ever boost to bulk billing, we’re helping more Australians see a general practitioner (GP) for free.
24 clinics across the ACT are now fully bulk billing - up from 10 in November 2025, so all you need is your Medicare card.
We’ve opened 137 free Medicare Urgent Care Clinics across the country and made them a permanent part of Medicare - including a new GP-led Urgent Care Clinic in the ACT
We’ve also set up 1800 MEDICARE for free, 24/7 health advice wherever you are.
We've invested over $1 billion in the ACT to build more homes, and we've reformed investor tax breaks — because it shouldn't be easier to buy your tenth home than your first.
Our 5% deposit scheme has already helped over 6,000 Canberrans into their first home.
For too long, women’s health wasn’t taken seriously. Pain was dismissed. Conditions went undiagnosed. And vital medication was out of reach.
We’re changing that with the biggest ever investment.
We’ve opened 33 endometriosis and pelvic pain clinics across Australia. We have also expanded them to cover menopause and perimenopause.
For the first time in 30 years, we’ve added new contraceptive pills to the PBS. We have also brought down the cost of menopause and endometriosis medicine to just $25 a script.
We’ve rolled out more bulk billing for long term contraceptives like intrauterine devices (IUDs), saving women up to $400 a year.
Getting people a better deal at the checkout by strengthening the ACCC’s powers, fighting shrinkflation and helping suppliers stand up to the big supermarkets.
We want every child to get the best start in life, without costs getting in the way.
We increased the child care subsidy, and we’ve guaranteed 3 days of subsidised care for families who need it.
We will build new centres where they’re needed most. Not to make profit, but so you can get affordable child care in our suburbs and regions.
We are striking the right balance between keeping pressure off inflation, easing cost of living pressures, supporting sustainable growth and building fiscal buffers in an uncertain global environment.
Since coming to office, the Albanese Government's responsible fiscal management has:
Improved the cumulative underlying cash balance by an estimated $215 billion, reducing cumulative deficits by around two thirds over the six years to 2027–28.
Returned 82 per cent of tax upgrades to the Budget over the forward estimates, including 96 per cent in 2023–24 in this Budget.
Found $77.4 billion in savings and re-prioritisations.
Limited real spending to an estimated average of 1.4 per cent since we came to Government until 2027-28, compared to the 30-year average of 3.2 per cent and the 4.1 per cent average of our predecessors.
Lowered the projected peak in gross debt as a share of GDP from 44.9 per cent of GDP to 35.2 per cent of GDP – lowering the peak by almost 10 percentage points of GDP.
Avoided around $80 billion in interest payments over the medium-term due to the improvements to the Budget position.
