Australian Federal Budget 2025-26: Marsh McLennan analysis

In a pre-election budget shaped by cost-of-living pressures and global uncertainty, Treasurer Jim Chalmers unveiled cost-of-living relief measures, including modest tax cuts for all workers and funding to lower the cost of healthcare.

Positioned by the Treasurer as "a plan for a new generation of prosperity in a world of uncertainty," the 2025-26 Budget addresses immediate challenges while acknowledging the looming "storm clouds" in the global economy. Despite confirming a deficit of $27.6 billion, Chalmers asserted that Australia is "among the best placed" to navigate global uncertainty.

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