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ROUND-UP: Start here for our comprehensive coverage of the 2018 federal budget

Tuesday 8 May 2018

Business Outsider

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Scott Morrison's plan for $140 billion in income tax cuts: here's how it works

There are big changes coming to the income tax system over the next seven years.
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WARREN HOGAN: Scott Morrison's numbers look solid, and avoid the temptation of a pre-election splurge

The economy is expected to maintain its record expansion over the projection period with real economic growth of 3% right through the projection period. 
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The government is banking on optimistic wage growth forecasts to achieve its budget goals

Australia's government is banking on faster wage growth to boost household spending, nominal GDP growth and national income levels.
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CHART: How Australia's budget deficit is returning to a surplus

Forecasts show the budget on track to return to balance. 
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Iron ore is so huge for the Australian economy that a $10 price move shifts the budget position by $3.6 billion

All things being equal, higher prices for Australian commodities mean more revenue for the budget.
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This economics professor says Morrison's budget tax plan is another missed opportunity

On almost every front, it is a missed opportunity to be bold. 
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MAP: The government's 10-year national infrastructure plan

The projects are aimed at reducing congestion, improving safety and creating jobs.
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7 programs that have been axed in the 2018 federal budget

Here's what was scrapped, as outlined in the budget papers.
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The government is spending almost $50 million to commemorate the 250th anniversary of James Cook's first voyage to Australia

The package will support events and exhibitions including a digital platform and educational material for the anniversary.

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