Andrew Probyn and Charles Croucher break down the 2026 Federal Budget

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Is this Labor's dream budget?

Updated May 12, 2026 — 8:20pm,first published 8:17pm

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Finance Editor Chris Kohler walks us through the winners and losers of this year's Federal Budget with help from Money Editor Effie Zahos, Political Editor Charles Croucher and Drive.com.au Director of Content James Ward.

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Treasurer Jim Chalmers has handed down the federal budget 2026, billing it the answer to generational pressures.

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National Affairs Editor Andrew Probyn says Jim Chalmers’ most ambitious budget is "haunted by the ghost of Bill Shorten”.

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