Liberal Government's Plan for a Stronger Economy - Budget 2018

The Liberal Government is sticking to its plan to build a stronger economy to benefit all Australians, Federal Member for Pearce, Christian Porter, said today.

“We are delivering tax relief with a focus on low and middle income earners, investing in congestion busting, safety boosting infrastructure and responsibly returning the budget to balance.

“Under the Government’s economic plan jobs are being created, investment is rising and the budget is strengthening. This means that we can continue to guarantee the essential services Australians rely on.”

Our plan will:

  • Deliver lower, fairer and simpler taxes to encourage and reward working Australians;

  • Back businesses to invest and create more jobs, building on our legislated tax cuts for small and medium enterprise, supporting businesses to compete globally, delivering infrastructure that industry and workers rely on; and targeting incentives to promote research, development and new technology;

  • Guarantee the essential services that Australians rely on including record funding for hospitals and schools, a comprehensive approach to aged care so older Australians can live life to the full, and guaranteed funding for disability services;

  • Keep Australians safe by strengthening security at airports and investing more in our intelligence and security service so they can respond to new and challenging threats.  We will also protect our unique environment with smarter biosecurity systems and continue to safeguard our borders; and

  • Ensure the Government lives within its means with a forecast return to a modest budget balance in 2019-20, increasing to a projected surplus of $11 billion in 2020-21; no longer borrowing to pay for essential services; and the lowest average real growth in payments of any Government in the last 50 years.

“Our tax relief plan will encourage and reward hard working Australians. Under our plan to reduce cost pressures on household budget, 71,539 taxpayers in Pearce stand to benefit from the low and middle income tax relief in the upcoming 2018-19 financial year,” Mr Porter said.

“There is great news for small businesses with the $20,000 instant asset write-off continuing for another year, helping small business invest in new equipment. This is on top of legislated tax cuts for small and medium businesses that are helping them to grow, create more jobs and pay higher wages.”

Western Australia is also set to benefit from the Liberal Government’s significant infrastructure investment with an additional $2.8 billion delivered in the 2018-19 Budget, bringing total infrastructure investment in the State to $9.6 billion from 2013-14 to 2021-22.

 “The Government’s vision to deliver infrastructure of critical importance can be seen across the State with investment in projects like Ellenbrook Rail, the Mitchell Freeway extension and the Bindoon Bypass,” Mr Porter said.

Mr Porter said the infrastructure investment, which will bring significant benefits to the people of Pearce, includes the following projects:

  • $500 million for the construction of the Morley-Ellenbrook Rail Line;

  • $108 million for the extension of the Mitchell Freeway to Romeo Road;

  • $220 million for the Great Northern Highway Bindoon Bypass; and

  • $10 million to plan and develop the business case for the Eastlink WA Orange Route.

“This investment will deliver jobs, improve road safety and reduce congestion, while also unlocking future development opportunities,” he said.

“It will also help to better connect the fast-growing areas in our northern and eastern suburbs, and improve a number of key freight routes.

“Our local community has been critical in making sure these big projects become a reality with real money in a real budget.

“Without the support of our local community none of this would have been possible.”

Mr Porter also said that our communities would continue to benefit from the announcement of the extension of the Building Better Regions Fund (BBRF) and the Stronger Communities Programme (SCP) which invest directly in economic and social infrastructure.

“Without the BBRF and the SCP, key community projects often struggle to find funding,” he said.

“More than $7 million has been invested in our community, making projects like the Northam Aquatic Facility, Beverley Cornerstone, Ellen Brook Bridge, Muchea Employment Node Coordinated Implementation Project and the expansion of the It’s All About Play Program in our northern coastal areas a reality.

“$300,000 in funding from the SCP has allowed Ellenbrook Community Radio to purchase radio equipment, Quinns Districts Netball Club to buy start-up netball equipment, Northam Men’s Shed to purchase equipment and tools and Gingin Bowling Club to install solar panels. 

“Both of these community grants programs are key initiatives that deliver social and economic benefits to all areas of our community – metropolitan and regional.”

The Liberal Government is guaranteeing the essential services Pearce families rely on, by increasing total health and hospitals funding by 30%, delivering a 50% average increase per student in fair, real needs based school funding over the decade, and more child care support to those families who need it most.

“We understand how important it is to make sure childcare is accessible and affordable, which is why over 7,000 families in our local community will be better off under our reforms,” Mr Porter said.

“As part of the Liberal Government’s commitment to guaranteeing essential services, our More Choices for a Longer Life plan will help older Pearce residents live healthy and connected lives with increased financial and skills support and 14,000 more home care places.

“Our plan for a stronger economy means that Australians can plan for their future with confidence.”