# Is it time to raise the GST?

An episode of [ABC Business Daily](https://invisiblenetwork.ai/podcast/1886002828), 19 Oct 2026, 22 min.

Audio: https://mediacore-live-production.akamaized.net/audio/02/pi/Z/qc.mp3

The price of Brent Crude has taken another leg up, flirting with 110 US dollars a barrel over the weekend and pulling even greater focus onto how high energy costs are affecting the global economy. Meanwhile, Australia’s increasingly expensive public debt is putting pressure on government budgets. So is now the time for major tax reform? And would any major party be willing to test the idea of increasing the GST? Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily. Got a burning business question? We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.

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