Federal Treasurer Scott Morrison has handed down his second Budget, promising that Australia's economy is "moving towards better days."
He says the measures contained in his Budget are about making the "right choices, to secure better days ahead."
But with tough welfare changes among his choices, this Budget may prove controversial.
He says the underlying cash balance will improve from a forecast deficit of $29.4 billion in 2017-18 to a projected surplus of $7.4 billion in 2020-21.
The Treasurer says this Budget targets four main areas:
- Stronger growth to deliver "more and better-paying jobs";
- Guaranteeing essential services;
- Easing cost of living pressures by improving access to affordable housing;
- And, ensuring the government lives within its means.
Labor's treasury spokesman Chris Bowen told the A-B-C the government's economic policy is again doomed to fail.
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