The 2025–26 Budget provides an economic and financial outlook for Western Australia (WA). It continues support for families, makes investments to grow the economy and make more things locally, and responds to the needs of a growing population. The budget outlines key investments in services and infrastructure to lay the foundations for WA’s future.

This report provides a macroeconomic assessment for OECD countries. It notes that global economic prospects are weakening, with the slowdown expected to be most concentrated in the United States, Canada, Mexico and China. For Australia, the report predicts a return to modest growth in 2025-26 but identifies several fiscal and policy actions needed to address...

The budget outlines the Victorian Government's fiscal policy, infrastructure investment and economic outlook. Measures focus on cost-of-living help and more investment in frontline services. It continues a commitment to drive down spend on inefficient and non‑priority programs, and will deliver an operating surplus in the budget year for the first time since before the pandemic.

This economic and fiscal outlook includes the Government’s spending and income for the current financial year and the next four years. The potential magnitude and persistence of the economic effects of the United States administration's announced increase in tariffs has resulted in greater-than-usual uncertainty around the outlook.

This paper highlights five economic themes emerging from the shifting global order and likely to shape Australia's policy debate in the coming years. It aims to assist policymakers as they adapt to the new global order and tackle domestic pressures by framing the big policy challenges and identifying where policy needs to adapt.