We have a plan for Australia:
1. We will create 1.25 million jobs over the next five years
We know that work offers opportunity and we are committed to job creation. That is why a
re-elected Morrison Government will create another 1.25 million jobs over the next five years, including 250,000 new jobs for young Australians.
We will do this by building a stronger economy and supporting businesses to grow.
2. We will maintain Budget surpluses and pay down Labor’s debt
This year, for the first time since 2008, the Government is delivering a Budget surplus. We have halved the average growth in spending – from 4% per year under Labor, to 1.9% under the Morrison Government.
Good economic management makes it possible for the Morrison Government to balance the budget while providing better services and tax relief to hard-working Australian families.
3. We are delivering tax relief for families and small businesses
We’re making income taxes lower, fairer and simpler. We will deliver the largest personal income tax relief in a decade, with tax relief of up to $1,080 for single income families earning up to $126,000. For a dual income family, that’s up to $2,160 back in the pockets of families in a few weeks’ time.
Tax relief has been delivered for 3.4 million businesses employing over 7 million Australians. We will strengthen small and medium businesses by lowering business tax, improving access to finance, ensuring small business is paid on time by big business and government, and increasing and expanding access to the instant asset write-off.
4. We are keeping Australians safe and our borders secure
We stopped the boats. After 50,000 illegal arrivals in 800 boats under Labor, Australia’s borders are now secure and there were no illegal arrivals over four years. The Government is boosting our security agencies, has introduced tougher anti-terror laws and is revoking citizenship of dual nationals who engage in terrorism.
A strong economy ensures our defence and security agencies have the resources necessary to keep Australians safe.
5. We have guaranteed increased funding for schools, hospitals and roads, that you and your family rely on
Our Government is providing an extra $37 billion in schools funding to 2029. That’s a 62% funding increase for the average student. We are increasing public hospital funding from $13.3 billion in 2012-13 to $23.6 billion in 2020-21 (a 77% increase).
A record $100 billion will be invested over the decade in highway upgrades, congestion busting roads, rail projects, inland rail, improved local roads, commuter car parking and a new major airport.