Tony Abbott MP

Federal Member for Warringah


April 4, 2019    

Federal Member for Warringah Tony Abbott has welcomed the surplus announced in last night’s Federal Budget, “Back in 2013, we promised to get Labor’s budget mess back under control. It’s been a long hard road back to surplus, but thanks to a big team effort it’s finally happened, it makes you proud to be a Liberal.” Mr Abbott said.

Last night, Treasurer Josh Frydenburg announced a $7.1 billion surplus in 2019-20, a $55.5 billion turnaround from the deficit inherited seven years ago. Consistently good housekeeping and frugal management of spending programmes has produced this surplus – that, in turn, has allowed the government to give people tax cuts that will benefit more than 80,000 taxpayers in Warringah.

Mr Abbott particularly welcomed the expansion of the Small Business Asset Write-off Scheme to $30,000 for businesses with annual turnover of up to $50 million, and the $461.1 million boost to mental health services. “Good to see the Instant Asset Write-off expanded and increased. This was originally a great initiative of the second Hockey Budget. There are more than 28,000 small and medium sized businesses in Warringah that could benefit from this”, Mr Abbot said. “As well, congratulations to Scott Morrison and Josh Frydenburg on the mental health package that builds on the GP care plans and psychologist Medicare rebates I introduced as Health Minister, and the Headspace programme I expanded as PM.”

“It’s not just a good budget for Australia; it’s a very important budget for Warringah too.”

“I’m thrilled that there’s money for Big Bear Cottage which will now go ahead thanks to support from the Federal Liberal Government. I’m delighted that there’s more money for the Sydney Harbour Federation Trust, in particular, to restore the10 Terminal buildings on Middle Head. Most of all, I’m pleased that there is $50 million in this Budget from the Congestion Fund to ensure that we get the best possible access to the Northern Beaches Tunnel from Balgowlah. Yes, the State Government is building the tunnel but thanks to the Federal Government it will be the best possible tunnel for the people of Warringah.”

The Minister for Cities, Urban Infrastructure and Population Alan Tudge said that, “The Commonwealth has tonight committed $50 million to the Northern Beaches Tunnel from the Urban Congestion Fund, because that is one of the NSW Government’s most important congestion-busting measures. This $50 million will be targeted at improved access to the tunnel from Balgowlah and will ensure that local residents get the best possible tunnel design”. The budget is a reminder, if any needed it, that the best option for the people of Warringah is strong Liberal Government in Canberra and a strong local Liberal MP”, Mr Abbott said.