Friday, 30 May 2014
The 2014-15 Budget marks a major step by the Government to transform the role of government in people's lives.
A responsible Economic Action Strategy to get our nation's finances back on track, and to lay the groundwork for future prosperity.
Please read more for information about the 2014 Budget and to watch my speeches on the 2014 Budget below.
Health in the Budget
While the Budget faces up to some tough challenges, the following facts remain.
Over the four years to 2017-18 the Government will:
- Increase overall health spending by around $14 billion (or 16 per cent)
- Increase funding for public hospitals by more than $5 billion (or 36 per cent)
- Increase Pharmaceutical Benefits Scheme funding by around $1 billion (or 11 per cent)
- Increase Medicare Benefits Schedule funding by over $3 billion (or 19 per cent)
For more information visit www.health.gov.au/healthbudget14-15
Budget 2014 Information
For six years, the Labor Government engaged in the biggest spending binge in our nation’s history – they saddled Australia with $123 billion in deficits and the national debt on the way to reach $667 billion in ten years (the fastest deterioration in debt, in dollar terms and as a share of GDP, in modern Australian history).
Once again, it falls to a coalition government to clean up Labor’s mess and pay their bill.
We all have to live within our means – governments are not an exception. Putting government expenditure on a credit card, like the Rudd/Gillard/Rudd governments did, mortgages our future and transfers the economic pain onto our children and grandchildren.
The 2014-15 Federal Budget makes the tough but necessary decisions to put government finances on a more sustainable footing so that Australians can all share in prosperity – and not crushing indebtedness – into the future.
This Budget is a key component of the Abbott Government’s Economic Action Strategy, and it calls on everyone and every business to contribute, to join or grow the workforce, to boost productivity and to help build a stronger economy with more investment.
This Budget takes responsible steps to strengthen our economy, promoting jobs, growth, infrastructure and education.
Full Budget Speech:
90 Second Statement - Education Reforms:
90 Second Statement - $20 billion Medical Research Future Fund:
90 Second Statement - Infrastructure:
Question - Minster for Education
Question - Treasurer