Budget 2009

Some Australians bore the brunt of those hard choices, while others are set to benefit from the Treasurer's recession-busting budget plan.
Here is a breakdown of this year's winners and losers:
WINNERS
Pensioners Single pension payments boosted by $32.49 per week, $10.14 per week extra for couples on the full rate.
Carers Mr Swan plans to introduce one-off bonuses for Australia's 500,000 carers - $600 per year for carer payment recipients and an extra $600 per year for carer allowance recipients.
Parents18 weeks of Paid Parental Leave from 2011 – paying minimum wage of $540 a week - worth $731 million over four years.
Homebuyers First Home Owners Fund extended by a further six months from June 30.
People who enter into contracts on or before September 30 will still be eligible for a grant of $14,000 for an existing dwelling and $21,000 for a new home.
The more generous scheme will then been phased down, and end after December 31. Read more
CompaniesSmall businesses will be able to claim a 50 percent tax deduction on new capital worth $1,000 or more, such as vehicles, purchased between December 13, 2008 and December 31 this year. Read more
Larger companies – particularly industrial and transport groups – are set to gain from the $22 billion infrastructure plan.
Low-income earnersThe average person will be better off from July 1 - when the tax savings from last financial year will range from nearly $3 for those with annual salaries of $30,000 up to about $10.50 for those on $100,000 a year.
Middle-income earnersThey will receive the tax cut but some will be hit by the rise in the Medicare Levy, the phase out of Private Health Insurance rebate and changes to superannuation contributions.
InvestorsThe vast infrastructure plan will lift activity from listed industrial companies and promote growth. However, some investors will be hit by the changes to concessional superannuation contributions.
Students$1.5bn for the Jobs and Training Compact, providing education and services to support young people, retrenched workers and local communities.
LOSERS
Baby boomersThe decision to raise the pension age to 67 will come as a big blow for baby boomers born after 1952.
The qualifying age will increase in six monthly increments between 2017 and 2023 as the government attempts to lighten the burden of the "demographic time bomb" of a growing pension bill and a shrinking workforce.
The rich High-income earners will suffer a rollback of tax breaks on superannuation. Read more
From 1 July 2010, the private health insurance rebate will be reduced on a means tested basis by 30 percent for those earning more than $75,000.
The Medicare Levy will be pushed up from 1 percent to 1.5 percent for singles earning above $90,000/couples $180,000, single income earners above $120,000 will pay the full surcharge of 1.5 percent.
Middle-income earnersWhile generally winners, middle income earners will also be hit by cap on salary sacrificing for superannuation. Read more
From 1 July 2010, the private health insurance rebate will be reduced on a means tested basis by 30 percent for those earning more than $75,000.