Winners and losers

[Gob]

Treasurer Wayne Swan has handed down his fifth federal budget at Parliament House in Canberra.

Here is a snapshot of the winners and losers from this year's budget:

Winners

$1.8 billion from July 2013 so 1.5 million families can receive increase to Family Tax Benefit A, with nearly half taking home an extra $600 a year
$1.1 billion over four years to create new Supplementary Allowance of up to $210 a year for students, jobseekers and parents with young children on income support
About 1 million households claiming Tax Benefit A to receive cash payment of $820 for each high school student and $410 for each primary school student under School Kids Bonus, replacing the Education Tax Refund
$1 billion over four years to roll out the first stage of a National Disability Insurance Scheme expected to cover 10,000 people from 2013-14 and 20,000 people from 2014-15
$515 million to treat 400,000 people on the public dental waiting list and to help dentists relocate to rural and remote areas
$700 million over four years to allow small businesses to "carry back" past profits to offset current losses by up to $1 million
$475 million for 76 new health infrastructure projects to upgrade regional hospitals and doctor training support
$3.2 billion aged care package over five years including measures to almost double home care assistance and improve pay and conditions for aged care workers
$1,000 payment to companies for each worker they hire aged over 50 for at least three months
$50 million to extend bowel cancer screening program so people aged 50 to 70 will be offered free tests every five years
$3.56 billion for duplication work on the Pacific Highway in New South Wales on condition of matching state funding
Flood levy exemption extended to victims of 2012 flooding across eastern Australia
$6 million over four years for suicide prevention measures in Western Australia's Kimberley
$56 million to expand in-home tutoring program for children in up to 100 disadvantaged areas.

Losers

Government revenues down about $150 billion since start of the global financial crisis
Around $5 billion cut from Defence, including deferral of the delivery of the first Joint Strike Fighter aircraft and scrapping of plans to equip the Army with new self-propelled artillery
About 100,000 parents affected by cutbacks to parenting payments and shifting of single unemployed parents onto the Newstart Allowance once their children turn eight; budget saving of about $700 million over four years.
Tax rate on superannuation contributions doubled from 15 to 30 per cent for people earning more than $300,000 a year
Around 3,000 public service jobs already gone under increased efficiency drive
Tax cuts for small business promised under the mining tax redirected to households because measures unable to garner enough support to pass Parliament
$2 billion saved by not proceeding with standard tax deduction on work-related expenses that was due to begin in July 2013
Commitment to lift spending on foreign aid to 0.5 per cent of gross national income to be met a year later than promised
Around $1 billion could be saved by crackdown on living-away-from-home allowance for executives interstate or overseas
Tightening of Pharmaceutical Benefits Scheme and some natural therapies to be removed from private health insurance coverage
$2.5 billion saved by changes to Medicare levy surcharge and means-testing of private health insurance rebate;
$923 million saved over forward estimates by scrapping of 50 per cent discount on interest income
Recipients of Family Tax Benefit A & B and disability support to have payments cut if they travel overseas for more than six weeks a year
Planned tax breaks for green buildings will not proceed, saving $405 million over the forward estimates
80 per cent cut to inbound duty free allowance reduced to 50 cigarettes or 50 grams of tobacco; $600 million saving over forward estimates
Passenger movement charge up $8 to $55 from July 1, 2012
Reduction in tax breaks for golden handshakes to save $196 million over forward estimates
Phasing out of mature age worker tax offset to save $255 million over forward estimates
Increased heavy road user charge to raise $166 million in 2012-13; almost $700 million over forward estimates

[dales]

Around 3,000 public service jobs already gone under increased efficiency drive

You're next, Gob!

[Gob]

I hope so, I could do with a holiday...

[dales]

Speaking of holidays, Gob.

I wish you and your family would come and visit the United States of America.

I'd LOVE to visit Australia (all I need is the bread) and youse guys speak a form of English so all would not be lost in translation.

Seriously, come to NORTHERN California........you have friends here.

[Gob]

Thanks Dales that's kind of you. Unfortunately, I have promised my dear old mother (78) that, whenever we have the cash saved, we would come back to the UK to visit her. So while she stil alive I'm afraid I cannot commit to a jaunt to the states. Also we'd have to spend at least a month-6 weeks there to make the most of it, and again, we reserve that sort of holiday allowance for our UK trips.

[BoSoxGal]

Well I certainly don't wish your mum gone; but someday when you come, I'll be thrilled to show you Montana!

[dales]

As well as the seamy underbelly of the Greater San Francisco Bay Area.

(i live in the thick of it)

BTW: Best of health to your mum!

[MajGenl.Meade]

They'll enjoy the holiday as well

[oldr_n_wsr]

You can't come tot he USA without a stop in New York. While I am not big on the city, I would meet up with you and we could explore it together.