Australian Federal Budget

Publication

Updated: 

Each year BDO provides comprehensive coverage of the Australian Federal Budget. Our Federal Budget analysis examines the issues and measures announced that impact on Australian businesses, organisations, and individuals. 

Our report includes insights from our tax, superannuation and business advisers, commenting on what these measures mean, and how they will impact those affected. 

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2026 Federal Budget

Read BDO's Federal Budget analysis for 2026.

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2026 Budget Webinar

Watch our webinar where our experts discuss the key measures in the
2026 Federal Budget.

Decorative Parliament House Canberra

Download BDO's past Federal Budget reports

The Australian Government posts all official Budget materials to the Budget website

Frequently asked questions

When is the Federal Budget?

The Australian Federal Budget will be delivered in Parliament on 12 May 2026.

What does BDO's Federal Budget analysis cover?

BDO’s Federal Budget analysis explores:

  • The Australian economic landscape
  • Key announcements from the Budget
  • Impacts on taxation and personal wealth
  • Developments for Australia’s small business, large corporations and industries.

What does the Federal Budget mean for you?

The Federal Budget will include measures that touch on all Australians, from households, to small businesses, large corporates and multinationals, across a wide range of industries.

How could the Federal Budget impact business?

The 2026 Federal Budget will be delivered in the context of global geopolitical issues and Australian business pressures. BDO’s Chief Economist acknowledges that with a volatile global economy, Australia needs to address the trade-off between productivity and protectionism.

Will the Budget be a surplus or deficit?

According to the fiscal outlook provided by the Parliamentary Budget Office in December 2025, the Budget deficit is projected to improve, but still remain in deficit.

Will the Budget provide cost of living relief for Australians?

Last year’s Federal Budget provided a range of measures aimed at addressing cost of living issues impacting Australians. With sustained pressures on household budgets, it is expected we will see further announcements in this space in May.

Why is tax reform important?

BDO has long advocated for tax reform. In BDO’s pre-Budget submission to the Federal Government, we recommend a number of significant changes, including establishing an ongoing tax reform commission, rebalancing the tax mix to reduce complexity, and changing the corporate tax rate to 20 per cent.