Federal Treasurer Josh Frydenberg has handed down a pre-election budget for the Coalition government, his first in the job. Prime Minister Scott Morrison must take the country to an election before the end of May, so the Treasurer is promising tax cuts and infrastructure spending while still delivering a surplus.
Announcing the Budget is “back in the black* and Australia is back on track”, Federal Treasurer Josh Frydenberg has handed down the Coalition’s pre-election budget.
The government must take the country to an election before the end of May so the budget this year is a month earlier than usual.
Announcing a budget surplus of $7.1 billion, Mr Frydenberg says it’s budget discipline that’s brought a $55 billion turnaround from the deficit the Coalition inherited six years ago.
And he’s promising more fiscal discipline, while at the same time offering to reduce taxes.
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