Budget’s winners and losers

(Australian Associated Press)

 

Winners and losers in the 2019 federal budget.

 

WINNERS

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 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

 

LOSERS

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

 

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