
Finance minister Katy Gallagher on her 'most challenging' budget
From Australian Politics by The Guardian
May 8, 2026 · 25 min
About this episode
Finance minister Katy Gallagher discusses the challenges of the federal budget amidst criticisms and allegations of broken promises.
The criticisms of Tuesday’s federal budget have already started. Labor is facing allegations of broken promises over changes to negative gearing and the capital gains tax discount. And there is frustration in the electorate about the government’s $50bn increase in defence spending over the next decade, while also significantly reducing the growth in NDIS spending. Political editor Tom McIlroy speaks to finance minister Katy Gallagher who, along with treasurer Jim Chalmers, is leading the decision making on a budget that claims to address intergenerational fairness – while also being responsible and resilient in an uncertain global environment
People in this episode
Host: Tom McIlroy
Guest: Katy Gallagher
Topics covered
- federal budget
- politics
- defence spending
- economic policy
- intergenerational fairness
Keywords
- federal budget
- Katy Gallagher
- defence spending
- NDIS
- economic policy
- Labor
- intergenerational fairness
Mentioned in this episode
Organizations: Labor, NDIS
Places: Australia
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