Australian Federal Budget 2025-26: Marsh McLennan analysis
In a pre-election budget shaped by cost-of-living pressures and global uncertainty, Treasurer Jim Chalmers unveiled cost-of-living relief measures, including modest tax cuts for all workers and funding to lower the cost of healthcare.
Positioned by the Treasurer as "a plan for a new generation of prosperity in a world of uncertainty," the 2025-26 Budget addresses immediate challenges while acknowledging the looming "storm clouds" in the global economy. Despite confirming a deficit of $27.6 billion, Chalmers asserted that Australia is "among the best placed" to navigate global uncertainty.
Key highlights:
© 2025. All rights reserved. Marsh Pty Ltd ABN 86 004 651 512 ("Marsh"); Mercer (Australia) Pty Ltd ABN 32 005 315 917 (“Mercer”). One International Towers Sydney, 100 Barangaroo Avenue, Sydney NSW 2000. Marsh and Mercer are businesses of Marsh McLennan [NYSE:MMC] (“MMC”).
This document and any recommendations, analysis, or advice provided by MMC (collectively, the ‘MMC Analysis’) are not intended to be taken as advice regarding any individual situation and should not be relied upon as such. Any modelling, analytics or projections are subject to inherent uncertainty, and the MMC Analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Except as may be set forth in an agreement between you and MMC, MMC shall have no obligation to update the MMC Analysis and shall have no liability to you or any other party with regard to the MMC Analysis or to any services provided by a third party to you or MMC.
Related solutions
-
DEI insights
Moments that matter in gender pay gap
Learn the four pivotal moments in an employee's career that can significantly impact pay equity and explore what HR can do to close the gender pay gap and foster a… -
Future of work
How to start building a skills-focused talent strategy for your organisation
Practical insights to effectively implement a skills approach to talent management. Learn how to get started with a robust skills foundation. -
Meet the Financial Advice team
Our team of Mercer Financial Advisers are here to help Australians make the most of their money, in the lead up to retirement or beyond.
Related insights
-
DEI insights
Moments that matter in gender pay gap
Learn the four pivotal moments in an employee's career that can significantly impact pay equity and explore what HR can do to close the gender pay gap and foster a… -
Mercer Super default option achieves 12.3% - 12.6% return
Mercer Super has today announced that Mercer SmartPath, its default investment option, has returned between 12.3% and 12.6% for the 2024/25 financial year across… -
Toni Ferrier
Acting CEO, Mercer New ZealandToni Ferrier oversees strategy, operations and teams across Marsh McLennan’s 11 locations in New Zealand, delivering innovative solutions to organisations across…