Finance minister Katy Gallagher on her 'most challenging' budget

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

More episodes of Australian Politics

Explore listener stats, chart rankings, contacts and more on the Australian Politics podcast page.