Statement 1:
Budget Overview
(Continued)
Budget priorities
The 2010‑11 Budget contains new measures to further boost savings, build skills and infrastructure, improve health and hospitals, invest in renewable energy and energy efficiency, ease the cost of living and simplify tax time for working families.
All of the measures in the Budget are fully funded within the confines of the Government's fiscal strategy. We will see the budget return to surplus three years ahead of schedule.
The key priorities in the 2010‑11 Budget are to:
- ease the cost of living for working families by delivering the third tranche of personal income tax cuts, making tax returns fairer and simpler, and introducing measures to support competition in the banking sector;
- reform Australia's health and hospital system to deliver more efficient and better performing services — nationally funded and locally run;
- invest in the skills of Australian workers and economic infrastructure to build the productive capacity of the economy, underpinning future productivity and increases in living standards;
- grow the economy through fairer and more efficient taxation of resources, a lower company tax rate, support for small businesses, and measures to strengthen financial markets;
- encourage investment in renewable energy and energy efficiency;
- boost national saving and increase retirement security by providing tax cuts for interest income, increasing the Superannuation Guarantee, and complementary superannuation reforms; and
- protect Australians at home and overseas, including by providing additional support to our soldiers, police and officials deployed on overseas operations.
If www.budget.gov.au responds slowly or you are having trouble downloading a document, try one of the Budget Website Mirrors
Note: Where possible, Budget documents are available in HTML and for downloading in Portable Document Format(PDF). If you require further information on any of the tables or charts on this website, please contact The Treasury.
