LIVE: 'Australia is stronger than when we came to Government six years ago. Growth is higher. Unemployment is lower. There are fewer people on welfare. There are a record number of Australians with a job' - JoshFrydenberg Budget2019
The 2019 budget is largely a pre-election sweetener designed to sell the Coalition Government’s economic management credentials while delivering hip-pocket relief for voters.“It builds a stronger economy and secures a better Australia for every Australian. And we do that without increasing taxes.”
While the government is earning more than it spends for the first time in more than a decade, Mr Frydenberg has also outlined a long-term planned reduction in net debt.Another major component of the budget is tax cuts for low and middle-income workers earning up to $90,000 a year, who will be given an annual boost of around $1000.
The budget includes $868 for security, including counter terrorism, while health spending will be boosted by $1 billion. In Question Time, Mr Morrison promised a surplus that will pave the way to paying down debt, and pledged “lower taxes all Australians without increasing taxes on any Australians”. “The last time the Labor Party had a surplus was 1989, Mr Speaker. I had long curly hair back then, Mr Speaker. That’s how long that was ago,” he says.It might be budget day but there have been plenty of other antics in Canberra.
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