Treasurer's message

The 2025-26 State Budget is focused on securing South Australia’s future, supporting our communities through immediate challenges while laying the foundations for long-term prosperity.

We are acting decisively to protect jobs and industries, with a $2.4 billion Sovereign Steel Package to stabilise and secure the future of the Whyalla steelworks. This investment will safeguard thousands of jobs, support local businesses, and ensure Whyalla remains a cornerstone of our state’s industrial strength.

This budget also includes a comprehensive drought support package recognising ongoing drought conditions experienced by primary producers.

As inflation eases and interest rates continue to fall, the government is continuing to deliver targeted cost of living relief for families, students and businesses who need it most, to help South Australians manage everyday expenses.

This budget continues the government’s strong record of investing in housing, health, education and community safety. We are building more public and affordable homes, meeting the growing demand for hospital services, accelerating early childhood education, and strengthening our police and justice systems.

This budget reflects our government’s continued commitment to responsible financial management, with net operating surpluses budgeted across the forward estimates, while investing for the future and delivering the services and infrastructure South Australians need and deserve.

Hon Stephen Mullighan MP
Treasurer

KEY BUDGET INDICATORS