Treasurer Scott Morrison’s third Federal Budget contained few surprises, given the orchestrated leaking of its contents in the weeks prior.

In his 4pm press conference, Mr Morrison supported the Budget tagline, ‘A plan for a stronger economy’, emphasising the decrease in net debt in recent years and the projected return to surplus in Budget 2019-20.

The cornerstone of this Budget is income tax cuts in the low and middle-wage brackets, with a seven-year plan to reduce income tax rates and thus prevent bracket creep, which Mr Morrison believes is a disincentive to earn more.

Budget 2018-19 has also been called a ‘Baby Boomer budget’, but this is lazy shorthand for a handful of initiatives that do little to address the widening gap between the ‘haves’ and ‘have nots’ in retirement in modern day Australia.

A major concern for retirees eased

A major concern for retirees eased

A major concern for retirees eased

Peak body CHF welcomes extra spending on health but says more needs to come.

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Post-Budget, this is what counts

Post-Budget, this is what counts

Post-Budget, this is what counts

Now that the Budget 2018 dust has settled, we reveal what matters most for retirees.

Our tax cuts are bigger than yours

Labor Leader Bill Shorten responds to Federal Budget 2018

Our tax cuts are bigger than yours

Labor has a plan to "bring the fair go back into the heart of our ...

How pensioners can top up payments

All pensioners can now access cheap government loans

How pensioners can top up payments

Government offers more seniors the chance to borrow against their homes.

Initiatives for aged fall short

Initiatives for aged fall short

Initiatives for aged fall short

Home-care package funding inadequate and rental stress ignored.

Budgeting for lifelong income

Budgeting for lifelong income

Budgeting for lifelong income

There is a view that forcing retirees to buy annuities will wean them off the ...

Kaye and Ben answer your budget questions

Federal Budget 2018: Kaye and Ben answer your questions

Kaye and Ben answer your budget questions

Kaye Fallick and Ben Hocking will be hosting a Live Q&A session from 2pm Wednesday.

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