THE BUDGET

• Budget surplus of $9.3 billion in 2024/25
• Commonwealth net debt to rise to $552.5 billion (20 per cent of GDP) in 2024/25
• Economic growth to rise to two per cent in 2024/25
• Unemployment rate to rise to 4.5 per cent in 2024/25
• Inflation as measured by Consumer Price Index to be 2.75 per cent in 2024/25
• Wages to rise by 3.25 per cent in 2024/25

KEY MEASURES

• Every Australian taxpayer receives a tax cut, averaging $36 a week
• Energy bill relief for all households ($300) and one million small businesses ($325)
• Increased Commonwealth Rent Assistance for nearly one million households
• Cheaper medicines for all, with a $7.70 cap for five years for pensioners and concession card holders
• Student debt relief for more than three million Australians
• Superannuation payments on government-funded paid parental leave
• More funds available for building houses, roads and other infrastructure
• More public money available for women fleeing violence at home and for housing
• Tax incentives, funds for promotion and other support for the Future Made in Australia initiative

Aaron Sheldrick
(Australian Associated Press)