Federal cabinet on Wednesday will put the final touches to a plan to share the burden of returning the budget to the black.
Prime Minister Tony Abbott will gather federal cabinet in Canberra to agree to his government's first budget, to be delivered by Treasurer Joe Hockey on May 13.
Liberal frontbencher Jamie Briggs says all Australians will have to share the burden of Labor's six years of budget mismanagement.
Low and middle income earners will see cuts in payments, while the wealthy are expected to face an income tax levy that could raise $4 billion over four years.
Cabinet will examine revenue forecasts but the fundamentals of the budget have been locked in, Mr Briggs says.
http://au.news.yahoo.com/a/-/latest/23283829/federal-cabinet-finalises-budget-details/
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