Treasurer trumpets Budget is 'back in black' – but there's a catch

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The Treasurer's first Budget includes billions of dollars for tax cuts, major road upgrades and health care, but the Coalition will have to win re-election to deliver a surplus.

The Coalition will also seek to flatten tax brackets by 2024, cutting the 32.5 per cent tax bracket to 30 per cent.

The Budget forecasts a 5 per cent unemployment rate for the next four years, with wage growth tipped to grow from 2.5 per cent in 2018-19 to 3.5 per cent by 2012-22.The Coalition is also promising to spend $100 billion on roads and rail over a decade. The Coalition is pledging to spend the most money a government has ever spent on a royal commission, offering more than half a billion dollars to investigate the mistreatment and institutional abuse experienced by people with a disability.The Budget papers also show there has been a $1.6 billion underspend on the National Disability Insurance Scheme over the forward estimates.

The Budget papers show the Government will spend $150 million this financial year and only $23 million in 2019-20 for regional processing on the island. There is no additional funding for future years.

 

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While taking 1.86 billion from the NDIS cuts to abc sbs and the enviroment

Josh - ‘Stephen Bradbury’ - Frydenburg sounds like an evangelical preacher. Hallelujah brother. Oh the contradictions. Talking about protecting future generations economically but ignoring climate change. JoshFrydenberg

Boring

Re-electing them?

Steak knives?

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