2026 Federal Budget Summary

We recognise the Albanese Government’s intent in this year’s Federal Budget to improve intergenerational fairness and respond to cost-of-living pressures. However, this Budget fails to deliver a much-needed expansion of mental health services against a backdrop of rising community distress. It continues the status quo on mental health, holding us in place while bigger decisions are yet to be made. 

The Budget contained some important investments in areas such as housing, tax reform, and cost of living relief, which all influence mental health outcomes. It also noted the challenging fiscal environment facing the Government, including global uncertainty and rising cost of living pressures. 

However, mental health remains a critical national priority that cannot be deferred – it is an important part of building our national resilience. Delaying investment now will come at a greater social and economic cost over time.

Further detail can be found in the Summary below.

Read the media release here.