There are always winners and losers. In every budget- state, federal or otherwise.
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Let's take a quick glance at the winners and losers in the 2019 federal budget.
Taxpayers - $158 billion of additional tax relief for those earning up to $126,000 a year
West Australians - Rules around $69 billion GST revenue distribution to the states have changed, with WA the main beneficiary
Older energy users - $285 million to help almost four million Australian pensioners and others cover their energy bills
Job seekers - 80,000 new apprenticeships announced and and extra 1.25 million jobs over the next five years
Small business - Instant asset write-off increased to $30,000 and expanded to businesses with a turnover of up to $50 million
Sports women - $150 million funding package for women's sport
Farmers - $6.3 billion in drought support and $3.3 billion for those affected by floods
The sick - $80 billion for better access to life-changing equipment, services and medicines
Schools - $300 billion for upgrades to libraries, classrooms and play equipment
Big banks - $600 million boost for financial regulators ASIC and APRA to deal with banking royal commission fallout
Terrorists - $570 million boost for national security agencies and $328 million to fund prevention, response and recovery initiatives
Tax and welfare cheats - The Tax Office and other agencies to crack down on welfare cheats and tax dodging
Migrants - Migration cap to be reduced to 160,000 from 190,000
Australian Associated Press
