The Budget will get back to surplus in 2012-13 as planned, get more people into jobs and spread the opportunities from Mining Boom Mark II to more Australians.
Key elements include:
- Taking the tough decisions necessary to ensure the budget returns to surplus in 2012-13, despite the impact of recent natural disasters.
- Continuing to invest in the economy’s productive capacity through better and more targeted skills and training, and new measures to boost participation and improve private sector opportunities to invest in infrastructure.
- Putting the opportunities that flow from a stronger economy within the reach of more Australians, by delivering on key reforms to mental health, extra support for families with teenagers and low income earners and investing in critical regional health and education infrastructure.