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 for research into heart disease * $496 million for Victorian cancer research, services and facilities * $200 million to reduce out of pocket costs for scans such as ultrasounds and x-rays * $62 million plan over four years for GP, emergency care and specialist services in rural areas. * $32.6 million will see breast cancer patients save up to $1500 per scan BANKS * $600 million boost for financial regulators ASIC and APRA to deal with banking royal commission fallout SECURITY * $570 million boost for national security agencies * $294 million to upgrade security at airports in a bid to prevent terrorist attacks * Australian Space Agency to be funded ENERGY * $2 billion for Emissions Reduction Fund, now called the Climate Solutions Fund * $1.4 billion for Snowy Hydro 2.0 * $56 million for Battery of the Nation and Marinus Link projects in Tasmania * $10 million business case for energy projects in north and central Queensland, alongside a shortlist of 12 further power projects which could be underwritten EDUCATION * $60 million for James Cook University's Cairns Tropical Enterprise Centre * $60 million indigenous education hub in Melbourne WELFARE * $78 million to provide more housing for women and children fleeing family violence * $129 million to extend cashless welfare card to all of Northern Territory, and to Cape York communities in Queensland * National Disability Insurance Scheme fully-funded, but an underspend over the financial year of $5 billion-plus * $22.5 million towards establishing the National Centre for the Prevention of Child Sexual Abuse RURAL * $28 million to improve weather monitoring, especially in flood-prone areas * $9 million extra (total package $20m) to deal with yellow crazy ants in north Queensland. SPORT * $150 million funding package for women's sport * $15 million towards the construction of the North Queensland Cowboys' $45m new training facility in Townsville's CBD CULTURE * $12 million for Cooktown 2020 Festival (250th anniversary of Cook's landing) and replica HMB Endeavour to circumnavigate the country Source: AAPAll rights reserved for this news site dailymail and under his responsibility