The Chancellor has delivered an "intensely political" Budget with broad appeal, cutting tax for savers and offering more help for first-time buyers.
At the heart of his last Budget before the General Election, Mr Osborne put a Help To Buy ISA, which would see the Government contribute £50 for every £200 saved towards a deposit on a first home - a 25% top-up.
And he announced savers would not have to pay tax on the first £1,000 of their savings.
He also announced the level at which workers start paying the 40p tax rate would increase above inflation from £42,385 to £43,300 and raised the level at which people start to pay income tax on earnings to £11,000.
He promised that the changes on the 40p tax showed the Conservatives' commitment to raising that threshold to £50,000 by 2020, as pledged at the party's autumn conference.
However, the Chancellor tried to dodge any allegations of an electioneering Budget by insisting that his plans for the economy were responsible.
Announcing a £9bn windfall from bank sales, falling welfare bils and lower debt interest he said the extra money would be used to pay down the national debt and not splashed on giveaways.
As he opened his sixth Budget with just 50 days until the election, Mr Osborne confirmed the UK has grown faster than "any other major advanced economy in the world" and Britain was "walking tall again".
He said: "The hard work and sacrifice of the British people has paid off. The original debt target I set out in my first Budget has been met.
"We will end this Parliament with Britain's national debt share falling. The sun is starting to shine – and we are fixing the roof."
Sky's Political Correspondent Sophy Ridge said: "With just 50 days until the election, George Osborne's Budget was always going to be intensely political.
"Much of it was spent shooting down Labour attack lines – specifically on the claim that the Tories would reduce spending to 1930s levels. By some clever number crunching, the Conservatives can now claim that spending will be at the level seen in 2000."
However, she added: "But there was no big ticket policy announcement pulled out of the hat that could swing the election.
"In other words: George Osborne and David Cameron are keeping their real rabbits for the manifesto."
:: Updates and analysis with the Sky News team
Other measures contained in the Budget included a so-called "Google tax" of 25% for those multinationals which move their profits abroad and a increase of the bank levy to 0.21%, raising £900m a year.
There will also be investment in the regions, including the "northern powerhouse" and a tidal lagoon in Swansea.
:: Full list of the key measures in the 2015 Budget.
Labour leader Ed Miliband said Mr Osborne continued to deliver for the rich and was sharply critical of the lack of investment contained in the Budget for the NHS or public services.
He said: "Britain needs a better plan, a plan for working families. Britain needs a Labour government."
And added: "This is a Budget people won't believe from a Government that is not on their side - because of their record, because of their instinct, because of their plans for the future."
Mr Osborne delivered his plans for the recovery of the nation's economy against a backdrop of the most unpredictable election for a generation.
A Sky News projection, following analysis of the latest polls, suggests a hung parliament with the two parties virtually neck and neck.
It also comes after new figures showed the number of unemployed falling by more than 100,000 to 1.86m, which is the lowest since 2008.
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