ÿþ<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html401/loose.dtd"> <html> <head> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" /> <link rel="schema.AGLS" href="http://www.naa.gov.au/recordkeeping/gov_online/agls/1.2" /> <meta name="DC.Identifier" scheme="URI" content="http://www.budget.gov.au/2009-10/content/overview/html/overview_01.htm" /> <meta name="DC.Title" content="Budget Overview - Key Initiatives" /> <meta name="DC.Subject" scheme="TAGS" content="budgets; income; economy; fiscal policy; public expenditure; public accounting; government information; government programs; public finance; grants; funding; government agencies; goods and services tax; allowances; budget process; national budget; economic development; economic analysis; economic conditions; economic indicators; social welfare" /> <meta name="DC.Type.documentType" scheme="agls-document" content="report" /> <meta name="AGLS.Function" scheme="AGIFT" content="information dissemination" /> <meta name="DC.Description" content="This document forms part of the 2009-10 Budget Papers." /> <meta name="DC.Date.created" scheme="ISO8601" content="2009-05-12" /> <meta name="DC.Creator" scheme="X500" content="ou= Treasury ; o= Commonwealth of Australia ; c=AU " /> <meta name="DC.Publisher" scheme="X500" content="ou= Treasury ; o= Commonwealth of Australia ; c=AU " /> <title>2009&#8211;10 Commonwealth Budget - Overview</title> <link rel="stylesheet" type="text/css" media="all" href="../../../_stylesheet/content.css" /> <link rel="stylesheet" type="text/css" media="all" href="../../../_stylesheet/layout.css" /> <link rel="stylesheet" type="text/css" media="all" href="../../../_stylesheet/overview.css" /> </head> <body> <div id="body_container"> <p class="page-nav"> <a href="index.htm"><img src="../../../_image/page_toc.gif" alt="contents and downloads" /></a> <a href="overview_01.htm"><img src="../../../_image/page_next.gif" alt="next page &gt;" /></a> </p> <div id="overview_inner" style="background-color: #043357;"> <div id="overview_body_inner" style="background-color: #043357;"> <div id="overview_content"> <div id="content_columns"> <div id="ov_content_inner"> <h1>KEY INITIATIVES OF THE </h1> <h1>2009-10 BUDGET </h1> <p class="ov_h2">The $22 billion Nation Building Infrastructure centrepiece:</p> <p> $3.4 billion for roads</p> <p> $4.6 billion for metro rail</p> <p> $389 million for ports and freight infrastructure</p> <p> $4.5 billion for the Clean Energy Initiative, which includes $1.0 billion of existing funding </p> <p> $2.6 billion in projects focused on universities and research from the Education Investment Fund</p> <p> $3.2 billion in projects focused on hospitals and health infrastructure from the Health and Hospitals Fund</p> <p> Partnering with the private sector to build the $43 billion National Broadband Network</p> <p class="ov_h2">Supporting Jobs, Delivering for Pensioners, and Positioning for the Recovery</p> <p>A pension increase of $32.49 per week for singles and $10.14 per week combined for couples on the full rate</p> <p>A crucial boost of $2.7 billion in funding for tertiary education, research and innovation</p> <p>$1.5 billion for the Jobs and Training Compact, providing education and services to support young people, retrenched workers and local communities</p> <p>Enhancing participation with 18 weeks of Paid Parental Leave </p> <p>A 50 per cent Small Business Tax Break for eligible assets</p> <p>Extending the First Home Owners Boost for an extra 6 months </p> <p>Honouring our promise of tax cuts </p> <p class="ov_h2">Hard choices and a clear strategy to return the Budget to surplus </p> <p>The global recession has stripped around $210 billion from expected tax receipts </p> <p>Running a temporary deficit and continuing important programs is vital to support jobs</p> <p>Necessary and responsible borrowing that is markedly less than other major advanced economies</p> <p>Budget savings of $22.6 billion over four years, including through vital structural reform</p> <p>Fully offsetting the cost of the pension package over time, notwithstanding the ageing of the population</p> <p>In the final year, the budget impact of new spending is fully offset</p> </div> </div> </div> </div> </div> <p class="page-nav bottom_page"> <a href="index.htm"><img src="../../../_image/page_toc.gif" alt="contents and downloads" /></a> <a href="overview_01.htm"><img src="../../../_image/page_next.gif" alt="next page &gt;" /></a> </p> </div> </body> </html>