A Budget full of giveaways for families and small businesses has achieved what seemed impossible barely three months ago.
It has sent Prime Minister Tony Abbott's popularity soaring and - possibly - put the Coalition in an election-winning position.
Two polls yesterday put Abbott ahead of Opposition Leader Bill Shorten as preferred prime minister - according to one survey, for the first time in more than a year. And while they had his Coalition level-pegging with Labor or still somewhat behind, that was seen as enough to put Abbott "back in the game", as one commentator described it, and to fuel speculation about an early election.
At the time of the abortive backbench attempt to topple the Prime Minister in February - when 39 Liberals voted for a leadership ballot to be staged even though no one had stepped forward as a challenger - it seemed inconceivable that Abbott would lead his party into the next election. It seemed equally inconceivable that his Government could win a second term. Now, after last week's Budget - a stunningly different document from last year's austerity package - Abbott has "given himself a fighting chance" to lead the Coalition to victory, according to the Sydney Morning Herald's political editor, Peter Hartcher.
An Ipsos/Fairfax poll showed support for the Government leaping from eight points behind Labor last month to 50-50 on a two-party preferred basis late last week. Abbott led Shorten by 44 points to 39, the first time he has been ahead in that poll since autumn 2014.