Key spending, savings in budget update

KEY SPENDING SINCE THE PRE-ELECTION UPDATE:

* Extra $4.2 billion on road and rail projects.

* $1 billion water infrastructure package.

* $540 million Australian Business Growth Fund.

* First home loan deposit scheme to start January 1.

* Drought support includes additional $1.3 billion since election.

* $624 million over four years for aged care in response to royal commission.

* $34 million extra for veterans' support.

* $1 billion Grid Reliability Fund for new power generation, storage and transmission projects.

* $300 million for Papua New Guinea "economic reform".

* $40 million over 10 years to test new ways of providing foreign aid.

* $2 billion Australian Infrastructure Financing Facility.

KEY SAVINGS SINCE THE PRE-ELECTION UPDATE:

* $196.4 million over four years through combatting illegal phoenix activity.

* Interest payments to drop as surplus.

* public service efficiency dividend to save $1.5 billion over four years to 2022/23.

Source: MYEFO