The government is also expected to accrue record debt in the current fiscal year that ends on June 30, 2021, Treasurer Josh Frydenberg told reporters.
"Our plan will create jobs. Our plan will create opportunity. Our plan will drive investment. Our plan will grow the economy and guarantee the essential services Australians rely on," Frydenberg said. "It rewards effort, encourages the power of aspiration, but it also encourages and leads to greater economic activity as people with tax relief spend more," Frydenberg said.
The budget measures would focus on driving Australia's unemployment rate below 6 per cent faster than in the aftermaths of previous recessions, Frydenberg said.
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