Budget winners include families and infrastructure. The environment is a loser.Credit:SMH/The Age
The measures include $6.5 billion for an extra 80,000 home care packages over two years,helping more people stay in their homes for longer. There’s also $3.2 billion to cover a $10 per person,per day increase in payments to aged care providers and $3.9 billion to increase the number of “care minutes” each aged care resident receives.
Taxpayers
Tax relief for 10.2 million people will be delivered through a $7.8 billionextension to the low and middle-income tax offset (LAMITO). This is worth a maximum of $1080 for individuals and $2160 for couples. Maximum benefits will flow to people earning between $48,000 and $90,000 per year. The measure is expected to generate about $4.5 billion in economic activity in 2022-23.
The government’s Low and Middle Income Tax Offset (LAMITO) has been extended again.Credit:
Infrastructure
$15.2 billion in new funding over 10 years for infrastructure projects nationally. The spending is designed to support an extra 30,000 jobs,directly and indirectly. A$3.3 billion package for NSW includes $2 billion for upgrades to the Great Western Highway between Katoomba and Lithgow;$500 million for Princes Highway upgrades;and $548.5 million for road safety and community infrastructure projects. There will also be$3 billion for road and other rail projects in Victoria,mostly towards a freight terminal if the state government agrees to match the federal funding.