The Treasurer, Scott Morrison, has delivered the 2016-17 Budget Speech, his first for the Turnbull coalition government.
The Budget forecasts a deficit for 2016-17 of $37.1 billion, falling to $6 billion in 2019-20.
It tightens superannuation concessions and introduces a new Youth Employment Package with internships and wage subsidies for business.
The Budget cuts company tax for small business and raises the personal income tax threshold of $80,000 to $87,0000.
The full text of the Budget is shown below, with complete audio and video.
Documents
Download the Budget documents (PDF).
- Listen to Morrison’s Budget Speech (31m)
- Watch Morrison (31m)
Hansard transcript of Scott Morrison’s Budget Speech.
Appropriation Bill (No. 1) 2016-2017