FEDERAL BUDGET - WHAT WE KNOW SO FAR
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THE BIG PICTURE
* Scott Morrison and Josh Frydenberg say it will be a "jobs budget" with the aim of driving the recovery out of the first recession since the 1990s
* Estimated budget deficit of over $200 billion
* Debt edging upwards of $1 trillion
* Expected $140 billion in stimulus over four years
* Net migration to be negative for the first time since the 1940s
INFRASTRUCTURE
* $7.5 billion in fast-tracked road and rail projects
* Funding to expand two NSW dams, Wyangala and Dungowan
* $53 million funding for gas infrastructure as part of a national plan
* $211 million for domestic fuel security facilities
* More flexible rules for the Northern Australia Infrastructure Facility to invest
HIP POCKETS
* Likely bringing forward of personal tax cuts
* 2.5 million pensioners to get extra help to make up for an inflation-related rise not going ahead
* Extra 10,000 first home buyers to be able to get a loan to build or buy a newly built home with a deposit of as little as five per cent
* HomeBuilder package likely to be extended
* No changes to the JobSeeker dole payments. Government wants more data on economic conditions before deciding
* Capital gains tax exemption for granny flat arrangements
BUSINESS
* $112 million in fringe benefits tax changes to ease burden on small business
* Consideration of a business investment allowance
* Wage incentive for small and medium-sized businesses to take on new workers
* $1.5 billion manufacturing strategy
* $800 million aimed at helping individuals and businesses work online
* Subsidies for the wages of 100,000 new apprentices over a year
* $53 million funding for television and film production and new content rules
* Possible rule changes around "loss carry-back" for businesses
* Consideration of reversing cuts to research and development tax breaks
* Cost of retraining soon-to-be redundant workers to be exempt from fringe benefits tax
HEALTH
* Extension of telehealth and e-prescription services
* Extra funding for aged care, ahead of the receipt of the royal commission report
* New strategy to get young people out of residential aged care
* $9 million for research into cancer in children and young adults
REGIONS
* $100 million for new Regional Recovery Partnerships (projects in areas hit by drought, bushfires and coronavirus)
* $30 million for the Regional Connectivity Program (local telecommunications projects)
* $50 million Regional Tourism Recovery initiative (assist businesses in regions heavily reliant on international tourism)
* $200 million for an additional round of the Building Better Regions Fund
* $50 million extra in rebates for farmers seeking to put in bores and dams
EDUCATION
* Extra $326 million to provide 12,000 more university places for domestic students
WELFARE
* $7.6 million for parents experiencing stillborn babies or the death of a child under 12 months of age
* 700 new safe places for women and children escaping domestic violence under $60 million "safe places" initiative
ENVIRONMENT
* $61.7 million for nature-based tourism.
Australian Associated Press
