First Reactions to the Budget 2026

Chief Economist Greg Jericho and Senior Economist Matt Grudnoff unpack the main takeaways from this year's budget.

Tue 12 May 2026 17.00 AEST

Economy

There’s a lot to like, as well as a lot to dislike, in the 2026 Budget.

There are big changes to the way wealth is taxed, from scrapping the capital gains tax discount and taxing trusts more, which will do a lot to reduce inequality.

But massive, cruel cuts to the NDIS will have devastating consequences for those living with disabilities.

Chief Economist Greg Jericho and Senior Economist Matt Grudnoff unpack the main takeaways from this year’s budget.

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