2026-27 Federal Budget: Big ambitions, mixed results

CommBank economists examine whether the much-anticipated 2026-27 federal budget lives up to its major ambitions.

Australian Treasurer Jim Chalmers delivers the 2026-27 Federal Budget in the House of Representatives at Parliament House in Canberra, Tuesday, May 12, 2026. (AAP Image/Lukas Coch)

Video features

CommBank has opened a new Technology Hub in San Francisco, placing its engineers and product teams at the frontier of artificial intelligence to help deliver faster, more personalised experiences for customers.

CommBank is partnering with Australian designer Gabriella Pereira of Beare Park, to reimagine its corporate wardrobe. The new collection will focus on modern design, functionality and sustainability, marking a new chapter in the bank’s long-standing collaboration with local fashion talent.

In this special edition of CommBank View: Economics and Markets, Australian Treasurer Jim Chalmers joins CommBank Chief Economist Luke Yeaman for a wide-ranging conversation on the forces shaping Australia’s economy. Watch the full episode.

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Business

Wall Street edges higher as AI rally offsets geopolitical concerns

US stocks rose slightly, with AI-driven gains outweighing concerns over stalled US-Iran talks and rising oil prices.
12 May 2026
Economy

Budget will take ‘hard road of reform’, Labor says

Labor says the budget will focus on tax and housing reform, with deficits improving but no return to surplus over the forward estimates.
12 May 2026
Economy

Generational divide: Jobs optimism fades among younger Americans

Young Americans’ job optimism has slumped, creating a rare divide with older workers.
12 May 2026
Scams and fraud

Hurstville Chinese community comes together to tackle scams

Scamwatch data shows people from CALD communities reported $38.9 million in losses in 2025, with a median loss of $750 – 50 per cent higher than th...
12 May 2026
Economy

What is capital gains tax and what are the latest changes?

Capital gains tax (CGT) is back in the news again. What is it, where did it come from, and what has the government announced in the 2026-27 federal...
12 May 2026
Economy

Get up to speed on negative gearing

Australians have been arguing about negative gearing for forty years, and the 2026-27 federal budget has brought major changes. What’s the deal?
12 May 2026

2026 federal Budget preview: go big or go home

This federal Budget is shaping as one of the most interesting in a long time, but what sort of Budget will it be? CBA's Luke Yeaman and Harry Ottley take a look.

A group of young people with their phones. Credit: Adobe Stock

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