From au.andersen.com: The Federal Budget Report 2025 reveals fiscal projections and tax measures including a projected underlying cash deficit of $42.1 billion, gross debt reaching $1.022 trillion, and total tax receipts of $676.1 billion for 2025-26.

The report also discloses changes affecting employment and migration, support for Small Medium Enterprises, and superannuation student loan reforms including a proposed 20% reduction of student loan debts, and a final rate increase in the SG rate from 11.5% to 12% on 1 July 2025.