8 Takeaways From the Opposition Leader’s Official Budget Reply

The Liberal leader has pledged an overhaul of tax system and the ‘biggest’ cut to immigration in Australian history.

Leader of the Opposition Angus Taylor responds to the 2026-27 Federal Budget at Parliament House in Canberra, Australia on May 14, 2026. Hilary Wardhaugh/Getty Images

Opposition Leader Angus Taylor has used his official budget reply to outline his economic plan for the country while accusing the Albanese government weakening incentives to invest and build wealth.

On May 12, Labor handed down its first official budget after winning the May election last year.