Cuts and spending

Major cuts and new spending

$1.7 billion over the next four years for childcare, increasing the Child Care Subsidy to up to 95% for the second (and any further) children aged five years and under, and removing the annual cap of $10,560 from this financial year 👶
$7.2 billion to extend low and middle income tax offset throughout this tax year, up to $1,080 for individuals and $2,160 for dual income couples 💰
$2 billion over the next four years for mental health and suicide prevention services 🧠
$17.7 billion over the next five years for aged care, including $6.5 billion for 80,000 additional home care packages and $7.8 billion of services for residential care 🏠
$15.2 billion over the next ten years for infrastructure, including $3.3 billion for NSW, $3 billion for Victoria and $3.2 billion for South Australia 👷
$998.1 million over the next four years for initiatives to reduce and support victims of family violence 🙅
$464.7 million over the next two years in increased funding for onshore immigration detention and expansion of the Christmas Island detention centre 🛑
$671.1 million in savings over the next five years in applying a four year waiting period for new residents for welfare payments from January 1 2022 🛑
$400 million in reduced funding to universities over the past financial year 📚
$107 million in savings over the next four years in reductions to the MBS subsidy of MRIs and multiple code claims 💀
$1.1 billion in savings by replacing jobactive with a self-service digital portal for job seekers 📱

Key cuts and spending by policy area