The Australian Federal Budget 2026 is expected to be handed down in May 2026 and represents the first full fiscal plan following the Albanese Government’s re-election in 2025. 

It sets the strategic direction for economic and fiscal policy and delivers key measures affecting individuals, businesses and industries across Australia.

At RSM Australia, we break down the most important elements of the Federal Budget 2026 — from tax changes and cost-of-living measures to business incentives and economic outlooks — to help you make informed decisions.

The Australian Federal Budget 2026 is expected to be delivered in May 2026 by the Treasurer.

All Australians — individuals, small and large businesses, and industries — are affected through tax policies, Government spending priorities and economic forecasts.

Engage with expert advisors early, review likely tax and compliance implications, and update strategy to reflect emerging policy.

What Businesses Need to Know

RSM Australia’s focus is on translating complex fiscal policies into meaningful insights for businesses. Key areas of interest typically include:

Incentives & Assistance

  • Government incentives that support innovation, investment and productivity.
  • Tax-effective structures and planning opportunities.

Industry Impacts

  • Sectors such as manufacturing, services, healthcare, and technology may benefit from targeted spending and reform measures.
  • Analysis of industry-specific budget impacts via expert commentary and tailored reports.
  • Our specialists will publish deeper insights once the Federal Budget 2026 details are released.

Economic and Fiscal Context

Australia’s fiscal environment continues to balance economic growth, inflation control, and ongoing budget deficits:

  • Recent estimates project underlying cash deficits over coming years as the Government manages spending and tax policy transitions.
  • Federal Budget projections consider broader economic influences, including global conditions and domestic demand.

RSM Australia’s economists are monitoring these trends to support robust business planning and long-term strategy alignment.

Stay Updated

The Federal Budget 2026 will continue to evolve as legislation is introduced and implemented. Subscribe to RSM Australia insights to receive:

  • Timely updates and practical commentary
  • Impact assessments tailored to your business
  • Invitations to Federal Budget seminars and briefings