The Federal budget has delivered the first surplus in more than a decade, creating more local jobs and lower taxes for Gold Coasters.
It also guarantees more funds for essential services like schools, hospitals and roads.
Local MP Karen Andrews says this budget is the next stage of the Morrison Government’s plan to build a stronger economy and a better future for the Gold Coast.
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“Everything that we promised, we are delivering.
“The M1 upgrades all the way through to the border, the light rail from Broadbeach through to Burleigh Heads, and there’s the forward planning money there so that we can get the heavy rail down to Coolangatta.
“And of course there’s an extra $6 million to make sure our roads are safer,” Minister Andrews said.
A record infrastructure investment of $100 billion will be spent over the next decade, getting families home sooner and safer and unlocking the potential of our regions.
The spend includes $500 million to ease the commute between the Gold Coast and Brisbane on the M1, building on the $500 million previously secured to widen the M1 to Tugun.
Previously, $112 million was committed for Stage 3A of the Light Rail from Broadbeach to Burleigh Heads.
Plus $8 million was promised for a business case into fast rail from the Gold Coast to Brisbane, as well as exploring the extension of the heavy rail from Varsity Lakes to Gold Coast Airport.
Overall, the Federal budget forecasts an extra $7.1 billion in for the next financial year, which is a $55.5 billion turnaround from the deficit inherited seven years ago.
While the Budget forecasts a surplus, it also delivers an additional $158 billion in income tax relief for hard-working Australians, on top of the $144 billion in tax cuts locked into legislation last year.
“This includes immediate tax relief of up to $1,080 for low and middle income earners and up to $2,160 for a dual income couple to ease cost of living pressures.
“We are also backing small business by increasing the Instant Asset Write Off to $30,000 and expanding its access, benefiting more than 70,000 Gold Coast small businesses.
“The Gold Coast is the small business capital of Australia and our hard-working business owners are feeling the benefit of a Government that backs them.
“Increasing the instant asset-write off and expanding those who can access it will mean businesses can invest in growing and when they grow, so does the local economy and so do the number of local jobs,” Minister Andrews said.
This Budget also guarantees the essential services people on the Gold Coast rely on, like schools, hospitals, aged care and disability support.
A one off, income tax exempt payment of $75 for singles and $125 for couples will be provided for those on the aged pension, veterans, carers, disability pensioners and single parents, to assist with the cost of living.
A record health spending of $81 billion will be spent in 2019-20, increasing to $89.5 billion in 2022-23.
For schools, record funding will ensure teachers have the support they need to prepare students for the future, which includes $30 million for the Local School Community Fund that will allow communities to fund projects such as upgrades to libraries, classrooms and play equipment.