Australians can be confident about their economic future.

[link removed]
Dear Friend,

Australians can be confident about their economic future.

We have the first current account surplus in 40 years, the lowest welfare dependency in 30 years and the biggest tax cuts in 20 years.

The budget is in balance for the first time in 11 years.

More than 1.4 million new jobs have been created since we came to government.

We are investing record amounts in schools, hospitals, aged care and disability support.

Household disposable incomes have had the fastest increase in a decade off the back of the tax cuts. Australia has maintained its AAA credit rating.

Australia faces economic headwinds, including global trade tensions and a devastating drought.

Despite these challenges, Australia’s economy continues to grow.

There are three key takeouts from today's Mid-Year Economic and Fiscal Outlook.

First, the Government is living within its means, paying down Labor's debt.

Over four years, this will mean $13.5 billion that no longer needs to be spent on debt interest.

Second, Australia’s economy continues to grow.

Next year our economy is expected to grow faster than the USA, the UK, Canada, France, Germany, Italy and Japan.

Third, with a stronger budget, we can invest more in the areas that need it most.

This includes $4.2 billion in accelerated infrastructure projects, $1.3 billion in increased support for drought relief and 10,000 more home care packages for older Australians.

With the budget back under control, we are paying down Labor's debt, keeping taxes low and investing in the infrastructure and services people rely on.

Best wishes,

Josh Frydenberg
Treasurer


Donate to the Liberal Party ([link removed])


============================================================
Authorised by A. Hirst for the Liberal Party of Australia.
Corner of Blackall and Macquarie Streets, Barton ACT 2600.
** Click here to unsubscribe from this list. ([link removed])