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)