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:
$158 billion of additional tax relief for those earning up to $126,000 a year
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
80,000 new apprenticeships announced and extra 1.25 million jobs over the next five years
Instant asset write-off increased to $30,000 and expanded to businesses with a turnover of up to $50 million
$150 million funding package for women's sport
$6.3 billion in drought support and $3.3 billion for those affected by floods
$80 billion for better access to life-changing equipment, services and medicines
$300 billion for upgrades to libraries, classrooms and play equipment
$600 million boost for financial regulators ASIC and APRA to deal with banking royal commission fallout
$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
Migration cap to be reduced to 160,000 from 190,000
Featured image: AAP