Factbox: Winners and losers in the federal budget

INTERACTIVE: The federal budget in a nutshell

WINNERS

Farmers - Concessional government loans worth $420 million to help farmers restructure their debts

Disabled - 0.5 per cent rise in 1.5 per cent Medicare levy to pay for national disability scheme, raising about $3.3 billion

Schools - commonwealth funding of $9.4 billion over six years, annual education spending increase of 4.7 per cent

Cancer patients - $29.7 million for chemotherapy treatments

Defence - spending increases slightly to $113 billion over four years

Indigenous - $777 million over three years towards a renewed national partnership agreement on indigenous health, which provides money for Close the Gap programs

The aged - can sell their long-term homes and invest up to $200,000 without affecting their pensions

Truckies - $4.1 billion over a decade for upgrade work on the ageing Bruce Highway in Queensland, including $1.7 billion already allocated

Sydney drivers - Federal, NSW governments to stump up $400 million each to start building the $3 billion, eight-kilometre tunnel linking the F3 and M2 motorways in Sydney

LOSERS

Federal Government - announcing an $18 billion deficit in an election year after promising a surplus last year

Tax payers - deferral of second round tax cuts

Families - Increase in Family Tax Benefit A worth total $1.8 billion for 2013/14 scrapped

University students - changed payment structures for fees, scholarships and deductions to save the government more the $2.5 billion

Public servants - $580 million of cuts to the public serviceover the forward estimates

Big Business - crackdown on large company, multi-national tax minimisation schemes

The sick - increase in Medicare Safety Net threshold to $2,000, shifting Medicare Benefits Schedule indexation to the financial year, phasing out net medical expense tax offset to save $1.73 billion over four years

Smokers - cost of a typical packet of 25 cigarettes rises by seven cents