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	An underlying cash surplus of $1.5 billion is expected in 2001-02 - the fifth surplus in a row. Further surpluses are in prospect. This is the longest run of cash surpluses in almost 30 years. By the end of 2001-02, the Government will have repaid around $60 billion of net debt.
	Economic growth is expected to rebound to 3¼% in 2001-02. Lower inflation of 2% is expected. Unemployment is expected to be around 7%. The current account deficit is at decade lows.
	Around $5 billion next year in tax cuts and simpler administration. Full input tax credits for motor vehicles brought forward to 23 May 2001. This will slash business costs by over $600 million and boost motor vehicle sales. Company tax rate to drop further - from 34% to 30%. State Financial Institutions Duty (FID) and stamp duty on most share transactions to be abolished. Fuel excise reduced by 1.5 cents per litre. Fuel excise indexation abolished.
	Payment of $300 for people of Age Pension age who receive income support or are outside the taxation and social security system. Increase in the effective tax-free threshold for people of Age Pension age. Increase in income thresholds for Commonwealth Seniors Health Card and extension of the telephone allowance and other concessions to all holders of a Commonwealth Seniors Health Card. Superannuation assets exempted from social security means tests for people aged between 55 years and the Age Pension age. Payment of $25,000 to Aust. Defence Force Prisoners of War of the Japanese, civilian internees and detainees of the Japanese or their surviving spouses.
	$1.7 billion to build a more active participation-based social safety net to substantially improve our welfare system. The new system improves employment assistance, encourages training and rewards those engaging in part-time and full-time work. This will result in more people moving from welfare into work, securing a better income for themselves and their families, and in turn delivering benefits to all Australians.
	$290 million for high priority areas, including mental health, asthma, diabetes and cervical cancer. $43 million to improve after hours medical care. Increases in patient rebates for GP services. An extra $162 million for sport.
	$593 million for strengthened quarantine protection. $147 million for rural and regional telecommunications and internet services. $104 million for more practice nurses in rural and regional Australia. Over 1,800 more places in regional universities. $850 million for roads in rural and regional Australia.
	Another $1.0 billion for the Natural Heritage Trust so it can continue to promote sustainable agriculture and natural resource management. $700 million for a National Action Plan to address salinity and water quality, announced in October.
	$86 million for the Commonwealth native title system. $40 million for primary health care services for indigenous Australians. $83 million to promote self-reliance for indigenous people. An extra $75 million for indigenous housing.
	$3.0 billion to promote innovation. 5,500 more university places for information and communications technology, maths and science.