Budget 2026: Treasurer Jim Chalmers on recession fears, $250 tax offset and skilled migration | SBS
Treasurer Jim Chalmers says he’s not anticipating a recession if the war in the Middle East continues, but says the conflict is a big influence on the 2026-2027 budget.
Speaking with SBS Chief Political Correspondent Anna Henderson, Chalmers says the first priority of the budget is to help Australians through a difficult period.
Chalmers says that help is being provided through cost of living relief through changes to the tax system, including a $250 tax offset for Australian workers which will come into effect mid-way through 2028.
00:00 Recession fears amid war in the Middle East
00:47 $250 tax offset for Australian workers
01:31 tax relief and bracket creep
02:17 should the government have taken housing tax changes to an election?
03:43 changes to migration
04:32 English language skills
05:10 ban on foreign purchases of establish homes
05:48 increase to petroleum resource rent tax
06:42 extension to fuel excise cut
07:22 fight against inflation
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