$3 billion in the next 6 months to cut the fuel excise from 44.2 to 22.1 cents per litre, from tomorrow (March 30).
$1.5 billion this year for a $250 one-off, tax-exempt cost-of-living payment in April for pensioners and concession card holders.
$4.1 billion over the next 2 years to extend and increase the low and middle-income tax offset (LMITO) for this tax year – up to $1,500 for individuals and $3,000 for couples.
$1.1 billion for a women’s safety package over the next 4 years, including programs to help women suffering family, domestic or sexual violence, an early intervention campaign aimed at boys and young men, and national counselling services.
$2.4 billion over the next 5 years to add new Pharmaceutical Benefit Scheme items, including drugs targeting various cancers, cystic fibrosis, COVID treatments and other chronic or terminal illnesses, and a further $525.3 million to reduce the PBS safety net threshold from July 1 2022.
$9.9 billion ($589 million in the next four years) to double the size of the Australian Signals Directorate and increase cyber defence and attack capabilities within the next 10 years.
$2.4 billion in total by the end of June to provide RATs to concession card holders, GPs, Aboriginal Community Health centres, and remote communities.
$468.3 million over the next 5 years to implement recommendations from the Royal Commission into Aged Care Quality and Safety.
$2.7 billion in savings from unused fuel credits thanks to the 6 month cut to the excise.
$2.1 billion in additional receipts over the next 4 years expected from tax caught by ATO’s Tax Avoidance Taskforce.
$115 million saved over the next 4 years in by reallocating 10,000 partner visas to the skilled visa stream from July 1 2022.
$150 million in savings from the consolidated Paid Parental Leave scheme (which will fund the extension of the program to a shared 20 weeks for both partners).
Key cuts and spending by policy area
Cuts and revenue
$115 million saved over the next 4 years in reallocating 10,000 partner visas to the skilled visa stream.
New spending
No significant spending items.
Cuts and revenue
$2.1 billion in additional receipts over the next 4 years expected from tax caught by the Tax Avoidance Taskforce.
New spending
$652.6 million to extend the ATO’s Tax Avoidance Taskforce’s operation for the next 4 years.
$557 million over the next 4 years for small businesses to deduct an additional 20% of expenses on training courses.
$1 billion over the next four years to support small businesses to adopt new digital technology in their processes.
$127.5 million in fuel and alcohol excise and licensing deregulation, with another $336.9 million over the next four years in fuel and alcohol customs duty changes.
Cuts and revenue
No explicit cuts.
New spending
$52.8 million over the next 4 years to deliver an initiative – ReBoot – which will support up to 5,000 disadvantaged Australians develop skills and provide a pathway to employment.
$954 million over the next 4 years to support a new Australian Apprenticeships Incentive Scheme for priority occupations.
$228.5 million over the next 4 years to attract new people to teaching and improve outcomes, including $62.4 million to extend the National Schools Reform and Non-Government Support Reform funds, and $29.4 million to extend the Indigenous Boarding Schools Grants program.
Cuts and revenue
No explicit cuts.
New spending
$104.2 million in additional funding over the next 4 years for veteran health care, including $70.4 million for home and personal care services.
$165 million over four years, including $36.8 million to increase eligibility age for Family Support Packages to widowed military partners from 60 to 65, $22 million to extend the psychiatric assistance dog program for 4 years and expand eligibility, and $9 million over 3 years to support attendance at the Invictus and Warrior Games for veterans.
Cuts and revenue
No explicit cuts.
New spending
Expanding the Home Guarantee Scheme to a total of 50,000 places per year for the next 3 years – 35,000 for the First Home Guarantee, 5,000 for the Family Home Guarantee for single parents and 10,000 places for a new Regional Home Guarantee (which is open to people who have not own a home in the last 5 years buying in a regional location, with a minimum 5% deposit.
The total cost for this expansion is just $8.6 million.
Cuts and revenue
$150 million in savings due to consolidation and a new household income eligibility test for the Paid Parental Leave scheme.
New spending
$1.13 billion over the next four years as part of a wide-ranging $1.3 billion package to improve women’s safety, including $480 million over the next six years for programs to help women suffering family, domestic or sexual violence,$47.9 million from next year for an early intervention campaign aimed at boys and young men and $127.8 million from next year for national counselling services.
$346.1 million over the next five years to consolidate Dad and Partner Pay into the the Paid Parental Leave scheme – a shared 20 weeks for working parents to allocate as they need at any time within 2 years of birth or adoption of a child.
$106.9 million over the next 4 years for a women’s leadership package, with $38.6 million to support women undertaking a priority listed apprenticeship and $18.5 million to implement the recommendations of the review into the Workplace Gender Equality Act 2012.
Cuts and revenue
$2.7 billion in savings from fuel credits due to the 6 month cut to the fuel excise.
New spending
$1.5 billion this year for a $250 one-off, tax-exempt cost of payment in April for pensioners and concession card holders.
$4.1 billion over the next 2 years to extend and increase the low and middle-income tax offset through to 2021-2022 – $1,500 for individuals and $3,000 for couples, for all tax payers (making over the tax-free threshold).
$3 billion in total over the next 6 months to cut the fuel excise from 44.2 to 22.1c, starting from March 30 and legislated to September 28 2022 (with $2.7 billion in savings from fuel credits not paid by the government in taxation).
Cuts and revenue
No explicit cuts.
New spending
$1.7 billion over the next two years in Queensland and NSW flood recovery funding, including $300 million from the Emergency Response Fund.
$450 million this year for emergency payments for COVID-19 disaster leave and The Australian Government Disaster Recovery Payment for the Queensland and NSW floods.
Cuts and revenue
No explicit cuts.
New spending
$636.4 million over the next 6 years ($322.4m over forward estimates) to expand the Indigenous Rangers Program, funding up to 1,089 new rangers for 2026-27.
The government will fund discovery costs for the McDonald v Commonwealth class action, which is on bead of Indigenous people who worked from 1933 to 1971 in the Northern Territory and had wages withheld (costs are legally sensitive).
Cuts and revenue
No explicit cuts.
New spending
NSW - $3.3 billion ($1.3 billion over the next 4 years), including $1 billion for the Sydney to Newcastle faster rail upgrade, $352 million for the Milton Ulladulla Bypass and $336 million for the Pacific Highway (Wyong Town Centre).
Queensland - $3.3 billion ($446.5 million over the next 4 years), including $1.6 billion for the Brisbane to Sunshine Coast and $1.1 billion for Brisbane to Gold Coast rail extensions.
SA - $2.8 billion ($229.3 million over the next 4 years), including $2.3 billion for the North-South Corridor, $200 million for Marion Road and $120 million for Adelaide Hills Productivity and road safety.
Tasmania - $639.9 million ($185.3 million over the next 4 years), including $336 million for the Northern Roads package and $100 million for the Great Eastern Drive.
Vic - $3.4 billion ($208.4 million in new spending over the next 4 years) including $1.2 billion for the Beveridge Interstate Freight Terminal, $920 million for the Outer Metropolitan Ring Rail and $740 million for the Western Interstate Freight Terminal.
WA – $1.7 billion (including $1 billion over the next 4 years), including $441.2 million for METRONET, $320 million for the Bunbury Outer Ring Road, $200 million for the Tonkin Highway Extension and $140 million in regional road safety upgrades.
$1 billion over the next 4 years (of a planned $6.9 billion total) to fund major regional water projects including Hells Gates Damn in North Queensland, NSW’s Dungowan Dam and Pipeline, Darwin’s Regional Water Supply Infrastructure and others.
$2 billion over the next 5 years ($1.8 billion over forward estimates) to establish a Regional Accelerator Program, which will fund infrastructure, manufacturing, skills and training through expansion of existing programs.
Cuts and revenue
No explicit cuts.
New spending
An extra $589 million over the next four years to the Australian Signals Directorate as part of a $9.9 billion defence, intelligence and cyber security package which the government says will create 1,900 jobs.
$29.7 million over the next 4 years in upgrades to Parliament House CCTV and security operations.
Cuts and revenue
No explicit cuts.
New spending
$100 million over the next 3 years for the Environment Restoration Fund, supporting community-driven environmental action.
Cuts and revenue
No explicit cuts.
New spending
Additional $458.1 million over the next 5 years in funding to support COVID measures in aged care, including $215.3 million over the next year to provide bonuses of up to $800 to aged care workers, $124.9 million to support aged care providers to manage and prevent outbreaks and $50.4 million for vaccination service capability improvements.
$468.3 million over the next 5 years to implement recommendations from the Royal Commission into Aged Care Quality and Safety.
Cuts and revenue
No explicit cuts.
New spending
$423.7 million in funding for specialist cancel cancer facilities across Australia, including $75.6 million over the next 4 years for the new WA Comprehensive Cancer Centre in Perth.
$423.7 million in funding for specialist cancel cancer facilities across Ausratlia, including $75.6 million over the next 4 years for the new WA Comprehensive Cancer Centre in Perth.
$892.1 million over the next 2 years for continued COVID response, including $546 million to extend MBS pathology terms and $248.1 million to extend respiratory clinic funding.
$2.4 billion over the next 5 years to add new Pharmaceutical Benefit Scheme items, including drugs targeting various cancers, cystic fibrosis, COVID treatments and other chronic or terminal illnesses, and a further $525.3 million to reduce the PBS safety net threshold from July 1 2022.
Cuts and revenue
No explicit cuts.
New spending
No new financial support pledged to Ukraine in the 2022 budget, after spending more than $156.6 million in military and humanitarian aid in 2021-22.
$324.4 million over the next 2 years to support Timor-Leste’s recovery from COVID-19.