Major cuts and new spending

• $3.5 billion over three years for energy bill relief
• $3.4 billion over five years for new and amended drugs to be added to the Pharmaceutical Benefits Scheme (PBS)
• Up to $3 billion over five years for other pharmaceuticals measures, including freezing the prices of prescription medicines
• $1.3 billion over five years for income tax cuts for all taxpayers
• $2.2 billion over five years for implementing more recommendations from the Royal Commission into aged care
• $1.9 billion over five years to increase the rate of Commonwealth rent assistance
• $19.7 billion over ten years for boosting renewable industries
• $1.1 billion over five years to pay superannuation on government-funded parental leave
• Wage increases for aged care and childcare workers

Key cuts and spending by policy area