The Turnbull Government is sticking to its plan for building a stronger economy for Australia. Through disciplined fiscal management and improved receipts from stronger economic growth, the budget position is improving.
This Budget is providing tax relief to encourage and reward hard working Australians through a seven-year tax plan to make personal income tax in Australia lower, fairer and simpler.
The Government is continuing to back Australian businesses to invest and create more jobs, remain internationally competitive and encourage innovative thinking for the future.
The Government’s $75 billion 10-year national infrastructure plan will benefit people and businesses in every State and Territory by improving road safety, tackling congestion and delivering essential rail links.
The Government is supporting Australians to develop the skills they need in a smarter economy by investing in research, science and technology jobs and maintaining our reputation as a global industry leader in medical research.
The economic potential in regional Australia is continuing to be unlocked. The Government is backing our farmers and securing the future of one of our international icons and great natural wonders — the Great Barrier Reef.
Needs-based schools funding will achieve better results for Australian students, more support will help prepare Australians for a longer life, Medicare is continuing to be guaranteed and more new, cost-effective medicines are being listed on the PBS. The Government is providing these essential services without borrowing to pay for them.