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Western Australian Treasurer Rita Saffioti MLA handed down the State Budget on Thursday 7 May 2026, alongside Premier Roger Cook MLA. The economic outlook continues to be influenced by global uncertainty and ongoing inflationary pressures.

The Northern Territory’s 2026–27 Budget delivers record investment in health, infrastructure and housing, alongside increased funding for law and order.

On Tuesday 5 May 2026 Victoria’s Treasurer, Jaclyn Symes, delivered the State Budget alongside Premier Jacinta Allan. Delivering a $727m operating surplus in 2025-26, which would be the first budget surplus in more than 5 years. A $1.05b surplus is projected in 2026-27.

From 2026, Victoria’s VRLT will apply to long-term undeveloped land in metro Melbourne, targeting land banking and encouraging residential development. The expansion follows 2025 reforms aimed at improving housing affordability and supply.

The New South Wales (NSW) State Government led by Labor Premier Chris Minns handed down the state’s budget on Tuesday 24 June 2025.

On Tuesday 24 June 2025, Queensland Treasurer David Janetzki handed down the Queensland State Budget – the first LNP budget in the state since 2014, following the Crisafulli Government’s win in the 2024 election.

The Western Australia Treasurer Rita Saffioti handed down the state’s budget on Thursday 19 June 2025, the Cook Government’s first budget after being elected for a third term.

On Thursday 5 June South Australian Treasurer Stephen Mullighan delivered the state budget, focusing on housing, crime and cost of living. This budget forecasted a surplus of $18m for 2024-25, with the government estimating surpluses for the next four years. The net operating surplus is estimated to be $315m by 2028-29.

Tasmanian Treasurer Guy Barnett delivered his first state budget on Thursday 29 May alongside Premier Jeremy Rockliff.

On Tuesday 20 May 2025 Victoria’s first female Treasurer, Jaclyn Symes, delivered her inaugural budget alongside Premier Jacinta Allan. For the first time in five years, the state reported an operating surplus at $600m, with projected surpluses of $1.9b in 2026–27, $2.4b in 2027–28, and $1.5b in 2028–29. Net debt is $167.6b, with it forecasted to increase to $194b by 2028-29.

Alongside Chief Minister Lia Finocchiaro, Treasurer Bill Yan focused on reducing crime and increasing public service employee costs in supporting hospital and correction services.

For wine producers and vineyard owners, the recent New South Wales Civil and Administrative Tribunal decision in Zonadi Holdings Pty Ltd ATF Wombat Investment Trust v Chief Commissioner of State Revenue [2025] NSWCATAD 84 may spell trouble for their current primary production land tax exemptions.