The 2025-26 Budget Snapshot

The 2025-26 Budget is designed to help with the cost-of-living pressures, enhance Medicare, invest in education, and strengthen the economy. It acknowledges that the Australian economy has turned a corner, with growth beginning to rebound, inflation moderating, and wages increasing. The budget is prioritising efforts to combat inflation and provide relief from the pressures of rising living costs.


2025-26 Budget Snapshot

Reducing cost of living pressures

- Tax cuts for every Australian taxpayer

- $1.8 billion toward energy bill relief for all households. Households will receive a $150 energy rebate off their electricity bills in two quarterly payments.

- Reducing student debt and changing the repayment system

- Reducing the cost of medicines for Australians. This includes 319 new listings on the Pharmaceutical Benefits Scheme

- $3.6 billion towards increasing early childhood and care workers' wages

- Providing $2.6 billion to increase award wages for aged care nurses

- $50 million towards reducing the cost of essentials for remote First Nations communities

Housing

- $21 billion committed to increasing housing supply with an ambitious target of 1.2 million new homes over 5 years

- Expanding the Help to Buy scheme and lowering deposits

- Building around 18,000 homes through the Housing Australia Future Fund

- Banning foreign buyers from purchasing existing dwellings for two years from 1 April 2025

- Increasing the rates for the Commonwealth Rent Assistance

- $9.3 billion provided to assist with homelessness and support social housing. A further $6.2 million towards homelessness research

Renewable Energy

- The Government legislated $13.7 billion for hydrogen and critical minerals production tax incentives

- $8 billion has been invested in renewable energy through the expansion of the Clean Energy Finance Corporation. This investment is in addition to the $36.9 million allocated to enhance the use of existing grid infrastructure.

- $3 billion towards supporting green metals production

- The $2 billion Green Aluminium Production Credit will assist Australian aluminium smelters in transitioning to renewable energy, while the $1 billion Green Iron Investment Fund aims to expedite the development of this emerging industry.

Infrastructure

- $17.1 billion provided over 10 years for road and rail projects

- $3 billion in equity to continue rolling out the National Broadband Network across Australia. The funding will provide NBN to a further 622,000 premises.

Medicare

- $7.9 billion allocated to create more bulk billing GPs by 2030

- $1.8 billion in funding to go towards public hospitals

- $1.8 billion is being invested towards listing new medicines on the Pharmaceutical Benefits Scheme

- $662.6 million to increase the number of doctors and nurses in Australia

- $792.9 million to improve healthcare for women including new contraceptive pills on the PBS and 11 more endometriosis clinics

- Increasing Medicare Urgent Care Clinics by 50, this will bring the total to 137 clinics nationwide.

Education

- Investing $5 billion towards a new early childhood education system

- $3.6 billion invested to increase wages for the early childhood education workforce

- $1 billion towards establishing the Building Early Education Fund to increase the amount of early childcare education available to Australians.

- Creating 100,000 free TAFE places every year from 1 January 2027

- Cutting student debt by 20% and improving the student loan repayment system.

- Creating full and fair funding for public schools

- Guaranteeing eligibly for subsided early childhood education

Other

- $1.2 billion towards funding the recovery efforts of ex-Tropical Cyclone Alfred and other disasters

- $262 million towards protecting the environment, including marine areas.

- $60 million in funding to help small businesses improve digital and cyber security facilities

- $21.8 million towards family, domestic and sexual violence services for First Nations women, children and communities

- $20 million in support to Australian producers, aiming to encourage more consumers to buy Australian-made products

 

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