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Australian State and Territory Budget insights 2025-2026
As each State and Territory prepares to unveil its fiscal plans, we are dedicated to providing you with insightful tax updates so that you are equipped to navigate the tax landscape. As they are released, we will prepare summaries of the key revenue related aspects of each budget, including the forecasts, policy announcements and the main changes to State or Territory tax measures.
Stay informed and engaged as we delve into the implications of these state budgets following their announcements:
- South Australia: Thursday, 5 June 2025
- Western Australia: Thursday, 19 June 2025
- New South Wales: Tuesday, 24 June 2025
- Queensland: Tuesday, 24 June 2025
- Australian Capital Territory: Tuesday, 24 June 2025
The New South Wales State Budget for 2025-26 will be handed down on Tuesday, 24 June 2025. Our insights will be available here following the announcement.
Rachael Cullen
Adam Nicholas
This year’s Victorian Budget seeks to provide cost-of-living support to families, while dedicating funds to improving infrastructure, healthcare and education. The Victorian Government expects to return an operating surplus by 2025-26 with net debt as a percentage of its Gross State Product (GSP) to stabilise and begin to decline by the end of the forward estimates period.
Rachael Cullen
Adam Nicholas
The Queensland State Budget for 2025-26 will be handed down on Tuesday, 24 June 2025. Our insights will be available here following the announcement.
Rachael Cullen
Adam Nicholas
The Western Australian State Budget for 2025-26 will be handed down on Thursday, 19 June 2025. Our insights will be available here following the announcement.
Rachael Cullen
Adam Nicholas
The South Australian State Budget for 2025-26 will be handed down on Thursday, 5 June 2025. Our insights will be available here following the announcement.
Rachael Cullen
Adam Nicholas
This year’s Tasmanian Budget focuses on increased investment and additional funding, including towards infrastructure, health and education, with a view to reaching an operating surplus by 2029-30.
Rachael Cullen
Adam Nicholas
The 2025-26 Northern Territory Budget has a focus on safety and security and addresses funding shortfalls in frontline government services. In addition, the Government is seeking to strengthen initiatives in health, infrastructure, and cost-of-living measures. New revenue measures include an increase to the payroll tax threshold and gambling tax changes.
The Australian Capital Territory Budget for 2025-26 will be handed down on Tuesday, 24 June 2025. Our insights will be available here following the announcement.
Rachael Cullen
Adam Nicholas
Tax Briefing: State Tax Update and Budget special
Thursday, 26 June 2025 | 12:00 - 1:00pm AEST (virtual)
Join us for PwC's annual State Tax Update and Budget Special, during which we will delve deep into the 2025-26 State and Territory Budgets, providing critical insights that will equip you with the knowledge to make informed decisions in the coming year. Our PwC experts will unpack the latest budget developments, analysing key announcements to help you gain a deeper understanding of how these budgets will impact your business.
In addition to budget insights, we will highlight key state tax developments that have unfolded over the past 12 months. This includes an exploration of significant legislative changes, landmark court decisions, and emerging trends in state taxation.
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