* Unemployment rate steady at five per cent for next few years.
* Tax rates for individuals and small and medium-sized business being lowered.
* Downward pressure on electricity and gas prices.
* $100 billion, 10-year infrastructure plan.
* Industry policy covers breadth of the economy, beyond mining, tourism and agriculture to services, the defence industry, medical industry, and science and technology.
* Trade strategy to secure more bilateral and multi-lateral agreements, especially in the Asian region.
* Cuts to red tape, saving about $6 billion.
* Budget on track for surplus in 2019/20 – first in 12 years.
* GST carve-up changes legislated.
* Proposes an Australian Investment Guarantee package to help drive business investment and create jobs.
* Budget surplus is more about strong global conditions than good management. But plan to deliver surpluses over the medium term.
* Overall annual tax take is up by more than $100 billion since 2013.
* Forecasts for investment growth, wages, consumption are down.
* Debt has doubled since coalition came to power in 2013.
* Government has failed to properly fund schools and hospitals, which Labor would prioritise.
* Tough decisions are made to find budget savings such as paring back negative gearing and capital gains tax concessions.
* Review of dole payment level.