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April

Why we should stop viewing federal budgets in terms of “winners” and “losers”.

Fiona Williams

Last week the federal Budget was announced. Since then, you’ve probably come across a lot of news stories about it. You probably also noticed that many stories are framed the same way: there are “winners” and there are “losers”.

But should we really be categorising the budget in this way? Summarising in terms of “winners and losers” has been a common method of analysing the budget for a long time. However, framing it in this way could be problematic for several reasons:

  • Oversimplification: reducing complex economic policies to a “win or lose” outcome can potentially mislead the public about the multifaceted effects of budget measures.
  • Short-term focus: emphasising immediate impacts and overlooking long-term consequences that may benefit or challenge different groups over time.
  • Divisive rhetoric: can foster a divisive mentality, pitting different groups against each other instead of promoting a unified approach to national challenges.
  • Misrepresentation of government's role: may distort public perception of the budget's purpose, suggesting the government's role is to create winners and losers rather than manage resources for the benefit of all Australians.
  • Media influence: how media frames the budget (e.g., "crisis" or "conflict") can shape public opinion and highlight certain issues as more important.
  • Demographic differences: different demographic groups may interpret the budget's framing in different ways, leading to unequal understanding or perceptions of its impacts.
  • Policy priorities: This framing can shape how the public views government priorities, potentially overshadowing important but less headline-grabbing measures.

The 2025-26 Australian federal Budget has been influenced by factors such as cost of living pressures, global economic uncertainty, inflation, geopolitical tensions, natural disasters, the upcoming election, climate transition needs, housing affordability challenges, and ongoing healthcare concerns. Some of the highlights include:

  • Cost of Living Relief: Tax cuts, energy bill relief extended, PBS medicine costs reduced, and student loan debt cut by 20%.
  • Healthcare: $7.9 billion for bulk-billed GP visits, $1.8 billion for public hospitals, and expansion of Medicare Urgent Care Clinics.
  • Housing and Infrastructure: Expansion of Help to Buy scheme, $17.1 billion for infrastructure projects.
  • Education and Skills: $5 billion for universal early childhood education, making free TAFE permanent.
  • Economic Growth: Investments in green metals, hydrogen, and critical minerals production.
  • Social Equity: Funding for gender-based violence support, remote First Nations communities, and people with disability.
  • Women: Funding for endometriosis and pelvic pain clinics, PBS listings of new endometriosis treatment, oral contraceptive pills and menopausal hormone therapies, Medicare rebate for menopause health assessments.

If you want to learn more about the federal Budget and its implications, you’ll need to explore beyond news headlines. The official government budget website provides comprehensive details, including key measures, budget documents, and tools to estimate personal benefits. The Parliamentary Education Office has resources on how Parliament works, including information on budget processes. The Department of Education provides insights into specific investments in education, such as early childhood and vocational training initiatives.

About the Author

Fiona is Money101's Digital Development and Marketing Manager. Fiona has been an integral part of the Money101 team since 2015. She designs and builds our amazing interactive learning modules and web content, in addition to being a skilled writer and editor.

Education: Bachelor of Arts (BA), Media; Diploma of Professional Writing & Editing, Professional Writing; Cert IV Web-Based Technologies

Want to support your staff with a market-leading digital financial wellbeing program or leverage money education to attract and retain clients? Contact Money101 today!

General non-advice disclaimer

The information contained in this article is of a general nature, is provided for education purposes only and does not constitute financial advice. It has been prepared without taking into account your particular financial circumstances or objectives. You should consider the appropriateness of the information as it relates to you. You may wish to consult an adviser before you make any decisions relating to your financial affairs.

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