Treasurer Josh Frydenberg says the budget will be all about 'jobs, jobs, jobs'. Follow live coverage of the budget, as we bring you all the news and analysis from our economics correspondents and political reporters | LisaVisentin
Tax cuts slated for 2022 to be brought forward and backdated to July 2020Cut-off for 32.5 per cent tax band lifted from $90,000 to $120,000$560 million for the Singleton Bypass on the New England Highway in New South Wales;$750 million for Stage 1 of the Coomera Connector in Queensland;$200 million for the Hahndorf Township Improvements and Access Upgrade in SA
$150 million for the Midway Point Causeway and Sorell Causeway as part of the Hobart to Sorell Roads of Strategic Importance corridor in Tasmania;$88 million for the Molonglo River Bridge in the ACT.$1.5 billion to local manufacturing to help factories modernise production and increase exports$107.
As we wait for the man of the hour to reveal the state of the nation's finances, let's have a look at how he laid the groundwork this morning."In tonight's Budget, I will lay out our economic recovery plan to rebuild the Australian economy and secure Australia's future. Our plan will create jobs. This is all about jobs. It's all about helping those who are out of a job get into a job.
Treasurer Josh Frydenberg arrives at Parliament House in Canberra on Tuesday morning, ahead of his budget delivery tonight.Meanwhile, Labor leader Anthony Albanese said this morning the budget would need to satisfy "two tests".
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