What we know about the federal budget

Budget 2018

Federal Government's 10-year national infrastructure plan to reduce congestion, improve safety and create jobs Source: budget.gov.au

BUDGET 2019 - WHAT WE KNOW SO FAR

BIG PICTURE

* Overall theme: "A stronger economy and a secure future"

* Federal election is due in mid-May

* Better than expected surplus for 2019/20 (MYEFO: $4.1 billion in 2019/20)

* 3 per cent growth for 2019/20 (MYEFO forecast)

* 5 per cent unemployment rate for 2019/20 (MYEFO forecast)

* Migration cap to be reduced to 160,000 from 190,000

* 1.25 million new jobs to be created over the next five years

* Expectation of a "stimulus" worth about $6 billion, adding about 0.4 percentage points to GDP

Full story here. 


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Source: AAP




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