The 2019 Australian federal budget was the federal budget to fund government services and operations for the 2019–20 financial year. The budget was presented to the House of Representatives by

Treasurer A treasurer is the person responsible for running the treasury of an organization. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance. Government The treasury o ...

Josh Frydenberg on 2 April 2019. It was the sixth budget to be handed down by the

Liberal/National Coalition The Liberal–National Coalition, commonly known simply as "the Coalition" or informally as the LNP, is an alliance of centre-right political parties that forms one of the two major groupings in Australian federal politics. The two partners in ...

since their election to government at the 2013 federal election, and the first budget to be handed down by Frydenberg and the Morrison government. All of the figures below are estimates published in the 2019-20 budget documents.

Background

Forecasts

Revenues

Income taxation

Gross income tax withholding $218.1 billion Gross other individuals $47.6 billion Refunds $36.9 billion Fringe benefits tax $3.93 billion Company tax $98.9 billion Superannuation taxation $9.71 billion Petroleum resource rent tax $1.4 billion

Indirect taxation

Goods and services tax $67.364 billion Wine equalisation tax $1.08 billion Luxury car tax $640 million Excise & customs duty $45.69 billion Major bank levy $1.6 billion Agricultural levies $520 million Other taxes $6.763 billion

Non-taxation receipts

Sales of goods & services $15.745 billion Interest received $5.701 billion Dividends $6.165 billion Other non-taxation receipts $11.512 billion

Memorandum

Capital gains tax $18.1 billion Medicare levy $18.15 billion Note: ''Capital gains tax'' is part of gross other individuals, company tax and superannuation fund taxes, while the ''Medicare Levy'' is included in income taxes.

Expenses

Total $500.872 billion General public services $23.614 billion Defence $32.243 billion Public order & safety $5.919 billion Education $36.350 billion Health $81.777 billion Social Security & Welfare $180.125 billion Housing and community services $5.907 billion Recreation & culture $3.849 billion Fuel & energy $8.171 billion Agriculture, forestry & fishing $2.871 billion Mining, manufacturing & construction $3.442 billion Transport & communication $9.038 billion Other economic affairs $9.297 billion Public debt interest $17.037 billion Nominal superannuation interest $11.127 billion General revenue assistance - States and Territories $69.053 billion General revenue assistance - Local governments $1.275 billion Natural disaster relief $11 million Contingency reserve -$216 million

Expenditure

Debt and deficit

Deficit The Budget deficit for 2018/19 is expected to be $4.162 billion, falling from $10.141 billion in 2017/18. The surplus for 2019-20 is expected to be around $7 billion. Debt The government's debt level was forecast to be $629 billion in 2019/20.Australian Federal Budget analysis 2018/19
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Opposition and crossbench response

Reception

References

External links

Official websiteBudget 2019: Winners and losers
at ABC News
Budget Speech
transcript, delivered by Josh Frydenberg {{Australian federal budget Australian budgets Australian federal budget Australian federal budget 2019 in Australian politics April 2019 events in Australia