2006 Australian federal budget

none October 2020 May 2011 2006 Australian federal budget Australia 2005 Australian federal budget 2005 2007 Australian federal budget 2007 Coat of Arms of Australia.svg 250px Parliament of Australia 16 May 2006 41st Liberal/National Coalition Peter Costello A$10.08 billion http://www.budget.gov.au/2006-07/ ‡Numbers in italics are projections. The 2006 Australian federal budget for the Australian financial year ended 30 June 2007 was presented on 16 May 2006 by Peter Costello,Treasurer Peter Costello Delivers 2006 Federal Budget the Treasurer of Australia in the Howard government. The budget provided for an underlying cash surplus of $10.8 billion, the government's ninth surplus.http://www.budget.gov.au/2006-07/ Budget Archive The net government debt was zero in the 2006–07 year, the first time in three decades, from a peak of 18.5% of GDP ($96billion) in 1995–96.Budget 2006–07, Australian Government is now debt free https://web.archive.org/web/20171004015341/http://www.budget.gov.au/2006-07/overview/html/overview_06.htm 4 October 2017 The budget included further personal tax reform including tax cuts worth $36.7 billion over four years. Major improvements to business taxation to encourage take‑up of new technology and to simplify taxes for small business. There was also a plan to dramatically simplify and streamline superannuation. Other key initiatives include $2.3billion for road and rail infrastructure, including to upgrade key sections of the Hume, Bruce and Pacific highways more quickly, a $1.9 billion boost to funding for mental health services, and families, older Australians and carers were to receive more support. See also Australia Economy of Australia References Federal budget Category:Australian budgets Category:Howard government Australian federal budget Category:May 2006 in Australia