On the government's move to hike the Medicare levy, he suggested the move would not cover the full cost of either the health system or the National Disability Insurance Scheme.
"All up, our commitments equate to a $10 billion re-investment in Australia's health care over four years, including the $2.8 billion increase in hospital funding".
In a post-budget breakfast address to about 100 guests at accounting giants PwC in Canberra, Mr Costello said the government's strategy seemed to be simply to rely on the economy growing, and debt as a share of the economy to fall.
It is a far cry from the Hockey-Abbott effort of 2014.
Almost a year after Labor's "Mediscare" campaign, the government has pledged to set up a Medicare Guarantee Fund and reversed the freeze to the Medicare Benefits Schedule.
Mr Morrison also announced new laws to "guarantee" Medicare and the PBS, with proceeds from the Medicare levy and a portion of income tax paid into a new Medicare Guarantee Fund.
While the idea never really went beyond thought bubble stage, the discussion was around a scheme similar to Canada's Home Buyers' Plan, which allows residents to withdraw existing super funds up to $25,000 in a year and pay it back within 15 years.
At least the cost of the bureaucracy and general government will contract from $27 billion in 2016-17 to a projected $20 billion by 2020-21 through the impact of technology, efficiency dividends and staff freezes.
However, he was less effusive when asked by Ms Sales if the banks would not simply pass the payment on to customers."It's not a tax on bank deposits like the last one". They will be able from July 1 to salary sacrifice into their superannuation account, separate from their compulsory superannuation contributions.
Seeking to unlock housing stock, the government is also encouraging older people to downsize by giving tax breaks if they funnel proceeds from selling their home into their pension funds. Additionally, plant and equipment depreciation deductions will be limited to expenses incurred directly by investors, effective from today (10 May).
Critics of foreign investment have long warned about "absentee" property owners leaving floors of empty apartments in inner-city hubs and adding pressure to already tight rental markets.
Mr Morrison's scheme is much more modest.
The Treasurer believes better days are ahead, thanks to an uptick in the global economy. This is regarded by many economists as very optimistic.
For 2017/18 the deficit comes in at $29.4 billion, and $21.4 billion the following year, before making a remarkable step-down to just $2.5 billion in 2019/20 and then posting the first surplus in 13 years at $7.4 billion in 2020/21.
Treasurer Scott Morrison said more than 75 billion Australian dollars ($56 billion) would be spent on infrastructure in the next decade.
The government plans to spend AU$5.3 billion ($3.9 billion) on building a second worldwide airport in Sydney which is due to open in 2016.
There's also $10b for rail projects.
The levy on the banks will be 0.06% on their liabilities, starting on July 1.
"This represents an additional and fair contribution from our major banks, is similar to measures imposed in other advanced countries, and will even up the playing field for smaller banks", Mr Morrison said.
Morrison announced the Australian Financial Complaints Authority, a one-stop shop for consumers to resolve their disputes with the banks and obtain more binding outcomes.
"If they do, take your money somewhere else, take your money to a regional or smaller bank", he said.
Mr Reece describes this Budget as the Government's best chance of a political reset. JobSeeker recipients testing positive would be placed on the Cashless Debit Card.
"If in breach, they can be deregistered and disqualified from holding executive positions, and be stripped of their significant bonuses", Morrison said.
The disability support pension will be denied for a disability caused exclusively by a person's substance abuse.
Michael Rowland said they will have a number of tax concessions granted to them under the new budget.
According to budget papers, the government expects the fund to ensure an ongoing source of revenue to support Australian skills development and the take-up of apprenticeships and traineeships. It was "practical and workable".
The levy will net the government up to 5,000 dollars (3,680 USA dollars) per worker, for an estimated total of 1.2 billion dollars (880 million dollars), with the money to be reinvested in training more skilled Australians for future job openings.