Here are the key details of the 2021/22 budget, and how the various measures impact on Australians. The Federal Budget at a Glance KEY FORECASTS * Budget deficit of $106.6 billion for 2021/22 (5 percent of GDP) * Economic growth to rise by 4.25 percent in 2021/22 * Unemployment to average 5 percent * Inflation to average 1.75 percent * Wage growth of 1.5 percent * Net debt to rise to $729 billion TAXATION * Extra $7.8 billion in tax cuts for low and middle income earners, worth $1080 for individuals or $2160 for dual-income couples * $25.1 billion of announced personal tax cuts will flow to households in 2021/22 BUSINESS * Extension of temporary full expensing for an extra year to June 30, 2023. * Temporary loss carryback extended to include the 2022/23 income year * $1.2 billion aviation and tourism sector package * $1.5 billion modern manufacturing strategy …