Federal Budget 2017-18: What it means for you and your family

Updated May 9 2017 - 10:04pm, first published 7:00pm
BUDGET 2017: What it means for you and your family
BUDGET 2017: What it means for you and your family


  • Deficit of $29.4 billion in 2017/18 but projected surplus of $7.4 billion in 2020-21
  • Increased Medicare levy adding $8.2 billion to the bottom line for three years 
  • Wage growth expected to increase from 2 per cent to more than 3 per cent over the next four years
  • Up to $13 billion of "zombie" 2014-era cuts to education and welfare will be dumped to shore up AAA credit rating

The ecomonic outlook does looks brighter and projections for the deficit are encouraging but significant risks remain 

Subscribe now for unlimited access.

or signup to continue reading

All articles from our website & app
The digital version of Today's Paper
Breaking news alerts direct to your inbox
Interactive Crosswords, Sudoku and Trivia
All articles from the other in your area

Get the latest Wollongong news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.