Federal budget: The winners and losers

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The government has splashed cash on aged care, childcare rebates and infrastructure, but we could all lose out in the long term | jamesmassola auspol budget2021

Gets a package worth $17.7 billion over five years, rather than the usual four, in response to the Aged Care Royal Commission’s shocking findings of abuse and neglect.SMH/The Age

The measures include $6.5 billion for an extra 80,000 home care packages over two years to help more people stay in their homes for longer. There’s also $3.2 billion to cover a $10 per person, per day increase in payment to aged care providers and $3.9 billion to increase the number of “care minutes” each aged care resident receives.. This is worth a maximum of $1080 for individuals and $2160 for couples. Maximum benefits will flow to people earning between $48,000 and $90,000 per year.

The annual subsidy cap of $10,560 for families earning $189,390 or more will also be removed. These measures are designed to encourage both parents back into full-time work by removing the disincentive of high childcare costs. There’s also $1.6 billion for preschool over four years.Altogether women get $3.4 billion. An additional $1.1 billion will be spent on women’s safety measures, including $261.

 

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