Farrer byelection win casts shadow over 2026 federal budget as government signals it’s alive to populist rightwing threat Federal budget 2026 LIVE updates: Australia government budget announcement and speech – latest news Explore all of our 2026 Australia federal budget coverage Get our breaking news email , free app or daily news podcast One Nation has cast a shadow over the federal budget and influenced decisions to reform negative gearing and taxes, with Jim Chalmers admitting many Australians are feeling economic anxieties that are “driving them to consider” rightwing populist parties. The treasurer and Anthony Albanese have conceded that many people are locked out of the housing market and that the problem is getting worse, not better, under Labor. With Pauline Hanson’s party winning