7 News
·general
·1 hour ago
Federal Budget 2026-27: The winners and losers revealed
Treasurer Jim Chalmers delivered his fifth budget, forecasting tax cuts continuing in 2026 and 2027 for Australian workers. The government will spend $5.9 billion on new Pharmaceutical Benefits Scheme medicines and $90 million protecting the Great Barrier Reef. Reforms to negative gearing aim to help 75,000 first homebuyers over a decade, while inflation is forecast at five percent.
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