What we know about the federal budget - 9News

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What we know about the federal budget - 9News
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What we know so far about Budget2019. 9News

* 1.25 million new jobs to be created over the next five years* Likely bring-forward of the July 2022 income tax cuts, on top of those already starting July 1 this year, as part of an already-legislated $144 billion plan* Rules around $69 billion GST revenue distribution to the states have changed, with WA the main beneficiary

* Instant asset write-off extended to June 2020 and upped from $20,000 to $25,000. Allows small business with an annual turnover of less than $10 million to deduct the cost of assets such as cars and equipment* $75 billion infrastructure plan over 10 years continues* Business case for Melbourne airport rail link

* City deals for Adelaide, Hobart, Townsville, Launceston, Western Sydney, Darwin, Geelong, South East Queensland and Perth* $254 million for Sydney, NSW central coast "congestion busting" road upgrades* Programs and policies bundled under a Long-Term National Health Plan* $496 million for Victorian cancer research, services and facilities* $62 million plan over four years for GP, emergency care and specialist services in rural areas.

* National Disability Insurance Scheme fully-funded, but an underspend over the financial year of $5 billion-plus.* $9 million extra to deal with yellow crazy ants in north Queensland.* $12 million for Cooktown 2020 Festival and replica HMB Endeavour to circumnavigate the country

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