Budget 2019: The Winners And Losers
Millions of Australian workers will get an extra $1000 back in their pockets and commuters will see a decade of road and rail upgrades in the nation's first surplus budget in 12 years.
Infrastructure funding will jump $25 billion to $100 billion over the next 10 years in a bid to connect Australia's job-creating cities with regional population centres.
Frydenberg's first budget also predicts surpluses from next financial year, starting with $7.1 billion in 2019/20.
"The budget is back in the black and Australia is back on track."
Here are the winners and losers:
WINNERS
Taxpayers:
$158 billion of additional tax relief for those earning up to $126,000 a year
West Australians:
Rules around $69 billion GST revenue distribution to the states have changed, with WA the main beneficiary
Older energy users:
$285 million delivered to help almost four million Australian pensioners and others cover their energy bills
Job Seekers:
80,000 new apprenticeships announced and extra 1.25 million jobs over the next five years
Small Business:
Instant asset write-off increased to $30,000 and expanded to businesses with a turnover of up to $50 million
Sportswomen:
$150 million funding package for women's sport
Farmers:
$6.3 billion in drought support and $3.3 billion for those affected by floods
The sick:
$80 billion for better access to life-changing equipment, services and medicines
Schools:
$300 billion for upgrades to libraries, classrooms and play equipment
READ MORE: Government Cheers A Surplus, Hoping Voters Will Cheer Them At The Polls
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LOSERS
Big Banks:
$600 million boost for financial regulators ASIC and APRA to deal with banking royal commission fallout
Terrorists:
$570 million boost for national security agencies and $328 million to fund prevention, response and recovery initiatives
Tax and welfare cheats:
The Tax Office and other agencies to crack down on welfare cheats and tax dodging
Migrants:
Migration cap to be reduced to 160,000 from 190,000
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Featured image: AAP