WINNERS 

• Taxpaying families – low income tax offset rises to $1,500, income tax reform to allow an option of using standard deductions instead of receipts and accountants. 

• Primary health care – new funding of $772 million for primary care and GPs, $355 million for GP super clinics and expanding existing clinics, $523 million to train and support nurses. 

• Sport - $325 million total boost with $237 million for elite athletes and $71 million for community sport.

• Retirees – a 50 per cent tax discount for first $1,000 of interest earned on deposits held in banks building societies and credit unions.

• Ageing workers – superannuation changes including increasing the super guarantee to 12 per cent by over the next decade

• Small business – instant asset write-off for small business assets under $5,000 plus company tax rate falls to 29 per cent in 2013/14 and 28 per cent in 2014/15.

• Renewable energy - $652 million more over five years.

• Troops in Afghanistan - $487 million for enhanced protective measures.

• Veterans – more compensation and better recognition for some military veterans Government’s election hopes – easier to go to the polls with smaller national debt, shrinking deficit, improving economic growth and falling jobless figures Bond market – new Centre for International Finance and Regulation created plus a phase down of interest withholding tax to promote the corporate bond market.

• Low skilled workers – Skills for Sustainable Growth strategy investing $661 million in work force skills and creating 70,000 new training places.

• Vocational education and training (VET) – gets a $243 million boost.

 LOSERS

• Pharmacies – reining in spending on the Pharmaceutical Benefits Scheme will see lower prices for some drugs.

• Mental Health – no new funding since the last COAG meeting.

• Dental health – no universal dental plan.

• Smokers – 25 per cent increase in cigarette prices.

• People smugglers – Eight new border patrol vessels plus $1.2 billion to bolster border security, aviation security and to help Indonesia combat people smuggling.

• Travelling politicians – no frequent flyer points for MPs under new travel arrangements.