FY27 DEFICIT·$28.3B GDP GROWTH·1.75% INFLATION PEAK·~5%MID-2026 WORKERS WITH TAX CUTS·13M DEFENCE BOOST·+$53B OVER 10 YRS WORKER OFFSET·+$250/YR 5-YR FISCAL IMPROVEMENT·$44.8B NDIS PARTICIPANTS·−160,000 BY 2030 TAX-FREE THRESHOLD RISE·~$1,800 TO $19,985 FY27 DEFICIT·$28.3B GDP GROWTH·1.75% INFLATION PEAK·~5%MID-2026 WORKERS WITH TAX CUTS·13M DEFENCE BOOST·+$53B OVER 10 YRS WORKER OFFSET·+$250/YR 5-YR FISCAL IMPROVEMENT·$44.8B NDIS PARTICIPANTS·−160,000 BY 2030 TAX-FREE THRESHOLD RISE·~$1,800 TO $19,985

FY27

FEDERAL BUDGET 2026–27 · HANDED DOWN 12 MAY 2026

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Cash Deficit

$28.3B

↑ $8.5B better than forecast

GDP Growth

1.75%

↓ down 0.5% from prior forecast

Inflation Peak

~5%

mid-2026 · above RBA target band

Workers Benefiting

13M

↑ new offsets & deductions

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