Australia's Albanese Labor Government Presents Budget

CANBERRA, AUSTRALIA - MAY 13: Australian Treasurer Jim Chalmers addresses the National Press Club in The Great Hall on May 13, 2026 in Canberra, Australia. The Labor government’s 2026-27 Federal Budget handed down on May 12, 2026 focuses on cost-of-living relief, housing affordability, and defence spending, as Treasurer Jim Chalmers faces pressure to deliver economic stability ahead of a federal election cycle. (Photo by Hilary Wardhaugh/Getty Images)

Australia's Albanese Labor Government Presents Budget
CANBERRA, AUSTRALIA - MAY 13: Australian Treasurer Jim Chalmers addresses the National Press Club in The Great Hall on May 13, 2026 in Canberra, Australia. The Labor government’s 2026-27 Federal Budget handed down on May 12, 2026 focuses on cost-of-living relief, housing affordability, and defence spending, as Treasurer Jim Chalmers faces pressure to deliver economic stability ahead of a federal election cycle. (Photo by Hilary Wardhaugh/Getty Images)
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Credit:
Hilary Wardhaugh / Stringer
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May 13, 2026
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