From hallandwilcox.com.au: Treasurer Jim Chalmers presented the 2025–26 Australian Federal Budget on March 25, 2025, forecasting a total deficit of $179.5 billion over the next four years, with significant reforms aimed at personal income tax cuts, cost of living relief, and healthcare funding.

The budget includes $8.5 billion to expand bulk-billed GP visits within Medicare and allocates an additional $2 billion for clean energy initiatives, including a new $1 billion Green Iron Fund.

Key provisions also include a commitment of $5 billion towards universal early childhood education and initiatives to reduce student debt by 20% pending legislative approval.