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Budget at a glance

Significant health measures in the Budget

11 May 2017

Significant health measures in the Budget

  1. Lifting the freeze on the indexation of the Medical Benefits Schedule.
  2. National Disability Insurance Scheme to be fully-funded by a 0.5 percentage point Medicare Levy increase from 2019.
  3. Legislation to guarantee Medicare and the PBS.
  4. Hospital funding increased by $2.8 billion over four years.
  5. $1.4 billion to be invested in health research over four years.
  6. $1.2 billion in new medicines to be made available

 

Other big measures in the Budget

  1. Levy on big banks' liabilities to raise $6.2b.
  2. Negative gearing and depreciation changes to raise $2.1b.
  3. First home buyers can get a deposit by salary sacrificing into super.
  4. $300m to the Australian Federal Police to fight terrorism.
  5. $10b to establish a National Rail Program.
  6. Foreign worker levy to raise $1.2b over four years.
  7. $18.6b for Gonski education funding.
  8. $5.3b over 10 years for Western Sydney Airport Corp.
  9. $8.4b for Melbourne to Brisbane Inland Rail Project.
  10.  $4b tax crackdown on multinationals.
  11.  $1b National Housing Infrastructure Facility for new homes
  12.  Federal Government to take control of Snowy Hydro
  13.  $90m to secure gas resources for domestic use

 

The Budget deficit is $29.4 billion in 2017-18, with the Government forecasting a return to surplus by 2020-21.


Published: 11 May 2017