Federal Budget 2017: Scott Morrison delivers ‘Labor’ Budget, hitting big banks, workers with Medicare levy

TREASURER Scott Morrison has been attacked for having a ‘Labor-like’ Budget, after he scrapped $13 billion in zombie savings.

TREASURER Scott Morrison has been attacked for having a ‘Labor-like’ Federal Budget, after he scrapped $13 billion in zombie savings.

The Turnbull Government is starting afresh from Tony Abbott’s horror 2014 budget, vowing to make the ‘right choices’ for Australia. Treasurer Scott Morrison has scrapped $13 billion in zombie savings measures from Tony Abbott’s budget. The 2017 Budget also seeks to entirely recover from Labor’s Mediscare campaign that nearly cost the Coalition the election while tackling the Opposition’s main arguments on schools’ funding, training and a calls for a Royal Commission into the banks. Big nation building projects will get an extra $75 billion over ten years, while schools will get an extra $18.6 billion, and tough new measures will be placed on the financial sector. But with new taxes on banks and big multinational companies, the Budget is still projected to return to a surplus by 2020-21. “The only people that will pay more tax on July 1 are banks and multinationals,” Mr Morrison said. The Treasurer believes better days are ahead, thanks to an uptick in the global economy. “This budget is about making the right choices to secure those better days ahead,” Mr Morrison said. He assured Australians the government had listened to their frustrations about cost of living pressures and promised a practical and fair budget. “It’s been a fair while since most hardworking Australians have had a decent pay rise,” he said. “I know this has put real pressure on Australians and on their families. “I believe though that we are now moving towards the end of this difficult period.”