Cuts and spending

Major cuts and new spending

$4.7 billion to reduce the cost of childcare over the next four years, increasing including increasing the maximum childcare subsidy rate from 85 to 90% for the first child in care, and a comprehensive review by the Productivity Commission into the childcare sector.
$2.5 billion to reform the aged care system over the next four years – including requiring all facilities to have a registered nurse onsite at all time and increasing care minutes.
$1.6 billion over the next four years to increase Australia’s foreign aid development program, including $900 million for the Pacific region and $470 million for Southeast Asia.
$935 million over four years by increasing the permanent migration levels (which will result in a forecasted increase in payments of $487.2 million).
$531.6 million over the next four years to increase paid parental leave entitlements by two weeks each year until 2026, when it reaches 26 weeks.
$1.4 billion over the next four years in reversals to Coalition budget measures from 2016 onwards that delayed or cut welfare payments and visa programs.
$845.1 million this year to support the aged care sector after COVID-19, including $810 million to cover the costs associated with outbreaks that occur by the end of the year, and an additional $759.9 million to continue supporting the states in their COVID response.
$350 million over five years from 2024-25 ($140m in the next four years) for 10,000 new affordable homes.
$262.6 million over the next four years to establish the National Anti-Corruption Commission – including $166.7 m in savings from abolishing the existing commission and the Coalition’s proposed Commonwealth Integrity Commission.
$500.2 million for an additional 1,080 staff over the next four years to deliver government services, including 200 new Services Australia employees, 500 at Veteran’s Affairs and 380 at the National Disability Insurance Agency.
$9.3 billion in cuts to previously announced Coalition infrastructure investments including commuter carparks and urban congestion fund – $2.6 billion of which will be redirected to Victoria for the Suburban Rail Loop, $2.1 billion for projects in QLD, $1.4 billion for NSW projects, and smaller amounts for other states .
$1.7 billion in cuts to dam infrastructure programs over the next four years, including the planned Hells Gates Dam project.
$3.6 billion in expected savings over the next four years due to reduced outsourcing of government labour, advertising, travel and legal consultancy costs.
$2.8 billion over four years to get large and multinational business to pay their tax (with an initial spend of $1.1 billion).
$746.9 million in cuts to climate change and energy initiatives announced in the March budget, including gas, carbon capture and storage pipeline projects – although much of this will be redirected to other climate initiatives.
$674.4 million in savings over four years from personal income tax compliance (costing $80.3 million to enforce).

Key cuts and spending by policy area