Delivering jobs, growth and opportunity for Wannon
The big winners in this Budget are families and small businesses.
This Budget will deliver jobs, growth and opportunity in a way that is responsible, measured and fair.
It is the next step in the Coalition Government’s long-term economic plan to build a stronger, safer and more prosperous future for all Australians.
Dan Tehan said we all know there are economic challenges? yet because of the economic management of the Abbott Government, Australia’s economic and Budget position has improved.
Our economic plan is working. Economic growth is up; jobs are up? nearly 250,000 new jobs since the election and retail sales are at record levels? as are new dwelling approvals.
Deficits over the forward estimates are reducing each and every year from $35.1 billion in 2015-16 to $6.9 billion in 2018-19. Importantly, our timetable back to a Budget surplus is unchanged from last year.
Highlights of the Budget include:
- The $5.5 billion Jobs and Small Business package? the biggest small business package in our nation’s history;
- The $4.4 billion Families Package to give parents more choice and opportunity to work;
- Reforms that make our taxation, foreign investment, welfare and individual benefits systems fair and sustainable;
- $1.2 billion in new funding for national security, which builds on the $1 billion announced last year
- Continuation of the Government’s $50 billion infrastructure programme.
Dan Tehan said he was delighted that the Budget will help to build a strong, safe and prosperous future for all Australians.
More details on the Budget are available at www.budget.gov.au
Media contact: Cate Mercer-Grant 03 5572 1100 or 0408 564 232