Budget snapshot

Budget at a glance

SAVINGS

Defence - $5.4 billion, over four yearsScrapping promised company tax cut - $4.8 billion, over four yearsForeign aid - $2.9 billion over four yearsTighter superannuation concessions - $2.4 billion over four years More than 3000 public service jobs to goSPENDING

National Disability Insurance Scheme - $1 billionSchoolkids Bonus - $2.1 billionBoosting family tax benefits - $1.8 billion$3.7 billion for the aged to remain at home longer$1.5 billion over five years for remote jobs and community program$38.8 billion over four years to higher education with extra support for students from poor backgrounds.FAMILIES

$1.8 billion in tax breaks to Family Tax Benefit Part AModest tax cut for those earning up to $80,000Extra $80 a week for parents of school children aged 16-19 and extra $820 for secondary school students and $410 for primary school studentsSuperannuation guarantee rate rises to 12 per centECONOMIC FORECAST

$1.5 billion surplus in 2012-13, to rise to $7.5 billion by 2015-16Growth at 3 per cent in 2011-12Unemployment to remain at 5.5 per cent in the next two years- compiled by Richard Willingham