BIG PICTURE
* Overall theme: 'A stronger economy and a secure future'
* Federal election is due in mid-May
* Better than expected surplus for 2019/20 (MYEFO: $4.1 billion in 2019/20)
* 3 per cent growth for 2019/20 (MYEFO forecast)
* 5 per cent unemployment rate for 2019/20 (MYEFO forecast)
* Migration cap to be reduced to 160,000 from 190,000
* 1.25 million new jobs to be created over the next five years
* Expectation of a 'stimulus' worth about $6 billion, adding about 0.4 percentage points to GDP
TAX
* Likely bring-forward of the July 2022 income tax cuts, on top of those already starting July 1 this year, as part of an already-legislated $144 billion plan
* Possible improvements to tax offsets for low-income earners
* Rules around $69 billion GST revenue distribution to the states have changed, with WA the main beneficiary
* Instant asset write-off extended to June 2020 and upped from $20,000 to $25,000. Allows small business with an annual turnover of less than $10 million to deduct the cost of assets such as cars and equipment
* Tax office and other agencies to crack down on welfare cheats and tax dodging
ROADS, RAIL
* $75 billion infrastructure plan over 10 years continues
* $2.2 billion road safety plan including black spot repair and new national office of road safety
* Business case for Melbourne airport rail link
* City deals for Adelaide, Hobart, Townsville, Launceston, Western Sydney, Darwin, Geelong, South East Queensland and Perth
* $730 million north Queensland roads plan
* $254 million for Sydney, NSW central coast 'congestion busting' road upgrades
* Extra $1.6 billion for WA roads and rail
* $100 million for regional airports
HEALTH
* Programs and policies bundled under a Long-Term National Health Plan
* $220 million from Medical Research Future Fund
