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 House of Representatives is the name of legislative bodies in many countries and sub-national entities. In many countries, the House of Representatives is the lower house of a bicameral legislature, with the corresponding upper house often ...

Treasurer A treasurer is a person responsible for the financial operations of a government, business, or other organization. Government The treasury of a country is the department responsible for the country's economy, finance and revenue. The treasure ...

Josh Frydenberg Joshua Anthony Frydenberg (; born 17 July 1971) is an Australian former politician who served as the treasurer of Australia and deputy leader of the Liberal Party from 2018 to 2022. He also served as a member of parliament (MP) for the divisi ...

on 2 April 2019. It was the sixth budget to be handed down by the Liberal/National Coalition since their election to government at the

2013 federal election The 2013 Australian federal election to elect the members of the 44th Parliament of Australia took place on Saturday, 7 September 2013. The centre-right Liberal/National Coalition opposition led by Opposition leader Tony Abbott of the Liberal ...

, and the first budget to be handed down by Frydenberg and the

Morrison government The Morrison government was the Australian Government, federal executive government of Australia, led by Prime Minister of Australia, Prime Minister Scott Morrison of the Liberal Party of Australia, between 2018 and 2022. The Morrison governmen ...

. 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 An Australian federal budget is a document that sets out the estimated revenues and expenditures of the Australian Treasury in the following financial year, proposed conduct of Australian government operations in that period, and its fiscal pol ...

2019 in Australian politics April 2019 in Australia