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The Advertiser
20-05-2025
- Business
- The Advertiser
Health and cost-of-living help dominate budget
KEY TAKEAWAYS FROM THE 2025/26 VICTORIAN BUDGET * $2.3 billion in cost-of-living relief, much of it aimed at families with children aged under 18 * $3.3 billion will be slashed from the public service and a predicted 1200 full-time equivalent positions lost but details of the cuts and changes to programs are not yet known * Net operating surplus of $600 million in 2025/26 but net debt is tipped to hit $194 billion in mid-2029 as interest payments rise to $29 million each day * The government says health and wellbeing account for one third of expenditure KEY COST-OF-LIVING MEASURES * New $100 Power Saving Bonuses for households with a concession card holders, costing $50 million * The Camps, Sports and Excursion Fund for students who live with a concession card holder will jump to $400 per child, to the tune of $152.3 million * An additional 65,000 Get Active Kids vouchers for families to spend on school uniforms, fees and equipment worth up to $200 per child in 2026, which costs $15 million * Rebates for electric heat pumps and solar hot water systems, costing $30 million * $18 million for food relief charities and supporting organisations * Camping fees will stay half price for two more years, costing $10.5 million * Under 16s can continue to visit zoos for free on weekends, public holidays and school holidays under a $15 million program KEY HEALTH SPENDING: * A record $31b in health funding * The additional $11.1 billion includes $9.3 billion for hospitals and $497 million for mental health * $437 million to triple the capacity of the Victorian Virtual Emergency Department, which offers free consultations with doctors and nurses * $167 million to improve ambulance response times, including recruiting more staff at Triple Zero Victoria * $18 million to permanently allow pharmacists to provide certain medications without a doctor's script, including the contraceptive pill, and expand which conditions they treat KEY EDUCATION SPENDING: * $4.9 billion in education finding, including $1.5 billion for new schools and upgrades to existing schools * Extra $133 million in funding for core subjects including additional $47m to improve maths education, introducing a numeracy check for students in Year 1 and upskilling maths teachers * $27 million for pathway coordinators in government secondary schools * $319.8 million to roll out disability inclusion reforms KEY INFRASTRUCTURE AND TRANSPORT SPENDING * $318 million for free public transport for under 18s and $2.2 million for free public transport for seniors on weekends * $727 million to turn on the new Metro Tunnel under the CBD, with the final opening date still unknown * $4.1 billion to expand Sunshine Station, which will be connected to the future airport rail line and Suburban Rail Loop * $976 million to upgrade roads and bridges across the state in 2025/26, including fixing pot holes * Extra $270 million to improve the regional rail V/Line network and $52m to increase services on three lines KEY JUSTICE SPENDING * $1.6 billion to roll out new bail laws, including $727 million to create an extra 1088 prison beds * $287 million for a new Financial Assistance Scheme to support victims of crime with medical expenses, emergency financial help and counselling * $65 million for a tobacco and liquor regulator, which has been touted as a way to crack down on the illicit tobacco trade fuelling a criminal gang conflict KEY INVESTMENT SPENDING: * $240 million to boost business growth and investment in the state, including a new $150 million Victorian Investment Fund KEY EMERGENCY AND DISASTER FUNDING * $40 million to replace Fire Rescue Victoria trucks and $17.4 million for the organisation to improve cyber security after it was hit by a cyber attack in 2022 * $10 million so the State Control Centre can run 24/7 KEY HOUSING SPENDING: * $61 million to extend stamp duty concessions for homes on off-the-plan townhouses, units and apartments until October 2026 * $4 million to expand Mortgage Stress Victoria KEY ENVIRONMENT SPENDING: * $32.6 million to maintain the health of creeks and rivers, including the Murray Darling Basin * $21.1 million to protect parks, bush and coastline * $16.6 million in additional funding to Agriculture Victoria for emergencies and to support animal welfare KEY INDIGENOUS AFFAIRS SPENDING: * An extra $167 million for culturally-responsive and self-determined services in health, education and housing KEY TAKEAWAYS FROM THE 2025/26 VICTORIAN BUDGET * $2.3 billion in cost-of-living relief, much of it aimed at families with children aged under 18 * $3.3 billion will be slashed from the public service and a predicted 1200 full-time equivalent positions lost but details of the cuts and changes to programs are not yet known * Net operating surplus of $600 million in 2025/26 but net debt is tipped to hit $194 billion in mid-2029 as interest payments rise to $29 million each day * The government says health and wellbeing account for one third of expenditure KEY COST-OF-LIVING MEASURES * New $100 Power Saving Bonuses for households with a concession card holders, costing $50 million * The Camps, Sports and Excursion Fund for students who live with a concession card holder will jump to $400 per child, to the tune of $152.3 million * An additional 65,000 Get Active Kids vouchers for families to spend on school uniforms, fees and equipment worth up to $200 per child in 2026, which costs $15 million * Rebates for electric heat pumps and solar hot water systems, costing $30 million * $18 million for food relief charities and supporting organisations * Camping fees will stay half price for two more years, costing $10.5 million * Under 16s can continue to visit zoos for free on weekends, public holidays and school holidays under a $15 million program KEY HEALTH SPENDING: * A record $31b in health funding * The additional $11.1 billion includes $9.3 billion for hospitals and $497 million for mental health * $437 million to triple the capacity of the Victorian Virtual Emergency Department, which offers free consultations with doctors and nurses * $167 million to improve ambulance response times, including recruiting more staff at Triple Zero Victoria * $18 million to permanently allow pharmacists to provide certain medications without a doctor's script, including the contraceptive pill, and expand which conditions they treat KEY EDUCATION SPENDING: * $4.9 billion in education finding, including $1.5 billion for new schools and upgrades to existing schools * Extra $133 million in funding for core subjects including additional $47m to improve maths education, introducing a numeracy check for students in Year 1 and upskilling maths teachers * $27 million for pathway coordinators in government secondary schools * $319.8 million to roll out disability inclusion reforms KEY INFRASTRUCTURE AND TRANSPORT SPENDING * $318 million for free public transport for under 18s and $2.2 million for free public transport for seniors on weekends * $727 million to turn on the new Metro Tunnel under the CBD, with the final opening date still unknown * $4.1 billion to expand Sunshine Station, which will be connected to the future airport rail line and Suburban Rail Loop * $976 million to upgrade roads and bridges across the state in 2025/26, including fixing pot holes * Extra $270 million to improve the regional rail V/Line network and $52m to increase services on three lines KEY JUSTICE SPENDING * $1.6 billion to roll out new bail laws, including $727 million to create an extra 1088 prison beds * $287 million for a new Financial Assistance Scheme to support victims of crime with medical expenses, emergency financial help and counselling * $65 million for a tobacco and liquor regulator, which has been touted as a way to crack down on the illicit tobacco trade fuelling a criminal gang conflict KEY INVESTMENT SPENDING: * $240 million to boost business growth and investment in the state, including a new $150 million Victorian Investment Fund KEY EMERGENCY AND DISASTER FUNDING * $40 million to replace Fire Rescue Victoria trucks and $17.4 million for the organisation to improve cyber security after it was hit by a cyber attack in 2022 * $10 million so the State Control Centre can run 24/7 KEY HOUSING SPENDING: * $61 million to extend stamp duty concessions for homes on off-the-plan townhouses, units and apartments until October 2026 * $4 million to expand Mortgage Stress Victoria KEY ENVIRONMENT SPENDING: * $32.6 million to maintain the health of creeks and rivers, including the Murray Darling Basin * $21.1 million to protect parks, bush and coastline * $16.6 million in additional funding to Agriculture Victoria for emergencies and to support animal welfare KEY INDIGENOUS AFFAIRS SPENDING: * An extra $167 million for culturally-responsive and self-determined services in health, education and housing KEY TAKEAWAYS FROM THE 2025/26 VICTORIAN BUDGET * $2.3 billion in cost-of-living relief, much of it aimed at families with children aged under 18 * $3.3 billion will be slashed from the public service and a predicted 1200 full-time equivalent positions lost but details of the cuts and changes to programs are not yet known * Net operating surplus of $600 million in 2025/26 but net debt is tipped to hit $194 billion in mid-2029 as interest payments rise to $29 million each day * The government says health and wellbeing account for one third of expenditure KEY COST-OF-LIVING MEASURES * New $100 Power Saving Bonuses for households with a concession card holders, costing $50 million * The Camps, Sports and Excursion Fund for students who live with a concession card holder will jump to $400 per child, to the tune of $152.3 million * An additional 65,000 Get Active Kids vouchers for families to spend on school uniforms, fees and equipment worth up to $200 per child in 2026, which costs $15 million * Rebates for electric heat pumps and solar hot water systems, costing $30 million * $18 million for food relief charities and supporting organisations * Camping fees will stay half price for two more years, costing $10.5 million * Under 16s can continue to visit zoos for free on weekends, public holidays and school holidays under a $15 million program KEY HEALTH SPENDING: * A record $31b in health funding * The additional $11.1 billion includes $9.3 billion for hospitals and $497 million for mental health * $437 million to triple the capacity of the Victorian Virtual Emergency Department, which offers free consultations with doctors and nurses * $167 million to improve ambulance response times, including recruiting more staff at Triple Zero Victoria * $18 million to permanently allow pharmacists to provide certain medications without a doctor's script, including the contraceptive pill, and expand which conditions they treat KEY EDUCATION SPENDING: * $4.9 billion in education finding, including $1.5 billion for new schools and upgrades to existing schools * Extra $133 million in funding for core subjects including additional $47m to improve maths education, introducing a numeracy check for students in Year 1 and upskilling maths teachers * $27 million for pathway coordinators in government secondary schools * $319.8 million to roll out disability inclusion reforms KEY INFRASTRUCTURE AND TRANSPORT SPENDING * $318 million for free public transport for under 18s and $2.2 million for free public transport for seniors on weekends * $727 million to turn on the new Metro Tunnel under the CBD, with the final opening date still unknown * $4.1 billion to expand Sunshine Station, which will be connected to the future airport rail line and Suburban Rail Loop * $976 million to upgrade roads and bridges across the state in 2025/26, including fixing pot holes * Extra $270 million to improve the regional rail V/Line network and $52m to increase services on three lines KEY JUSTICE SPENDING * $1.6 billion to roll out new bail laws, including $727 million to create an extra 1088 prison beds * $287 million for a new Financial Assistance Scheme to support victims of crime with medical expenses, emergency financial help and counselling * $65 million for a tobacco and liquor regulator, which has been touted as a way to crack down on the illicit tobacco trade fuelling a criminal gang conflict KEY INVESTMENT SPENDING: * $240 million to boost business growth and investment in the state, including a new $150 million Victorian Investment Fund KEY EMERGENCY AND DISASTER FUNDING * $40 million to replace Fire Rescue Victoria trucks and $17.4 million for the organisation to improve cyber security after it was hit by a cyber attack in 2022 * $10 million so the State Control Centre can run 24/7 KEY HOUSING SPENDING: * $61 million to extend stamp duty concessions for homes on off-the-plan townhouses, units and apartments until October 2026 * $4 million to expand Mortgage Stress Victoria KEY ENVIRONMENT SPENDING: * $32.6 million to maintain the health of creeks and rivers, including the Murray Darling Basin * $21.1 million to protect parks, bush and coastline * $16.6 million in additional funding to Agriculture Victoria for emergencies and to support animal welfare KEY INDIGENOUS AFFAIRS SPENDING: * An extra $167 million for culturally-responsive and self-determined services in health, education and housing KEY TAKEAWAYS FROM THE 2025/26 VICTORIAN BUDGET * $2.3 billion in cost-of-living relief, much of it aimed at families with children aged under 18 * $3.3 billion will be slashed from the public service and a predicted 1200 full-time equivalent positions lost but details of the cuts and changes to programs are not yet known * Net operating surplus of $600 million in 2025/26 but net debt is tipped to hit $194 billion in mid-2029 as interest payments rise to $29 million each day * The government says health and wellbeing account for one third of expenditure KEY COST-OF-LIVING MEASURES * New $100 Power Saving Bonuses for households with a concession card holders, costing $50 million * The Camps, Sports and Excursion Fund for students who live with a concession card holder will jump to $400 per child, to the tune of $152.3 million * An additional 65,000 Get Active Kids vouchers for families to spend on school uniforms, fees and equipment worth up to $200 per child in 2026, which costs $15 million * Rebates for electric heat pumps and solar hot water systems, costing $30 million * $18 million for food relief charities and supporting organisations * Camping fees will stay half price for two more years, costing $10.5 million * Under 16s can continue to visit zoos for free on weekends, public holidays and school holidays under a $15 million program KEY HEALTH SPENDING: * A record $31b in health funding * The additional $11.1 billion includes $9.3 billion for hospitals and $497 million for mental health * $437 million to triple the capacity of the Victorian Virtual Emergency Department, which offers free consultations with doctors and nurses * $167 million to improve ambulance response times, including recruiting more staff at Triple Zero Victoria * $18 million to permanently allow pharmacists to provide certain medications without a doctor's script, including the contraceptive pill, and expand which conditions they treat KEY EDUCATION SPENDING: * $4.9 billion in education finding, including $1.5 billion for new schools and upgrades to existing schools * Extra $133 million in funding for core subjects including additional $47m to improve maths education, introducing a numeracy check for students in Year 1 and upskilling maths teachers * $27 million for pathway coordinators in government secondary schools * $319.8 million to roll out disability inclusion reforms KEY INFRASTRUCTURE AND TRANSPORT SPENDING * $318 million for free public transport for under 18s and $2.2 million for free public transport for seniors on weekends * $727 million to turn on the new Metro Tunnel under the CBD, with the final opening date still unknown * $4.1 billion to expand Sunshine Station, which will be connected to the future airport rail line and Suburban Rail Loop * $976 million to upgrade roads and bridges across the state in 2025/26, including fixing pot holes * Extra $270 million to improve the regional rail V/Line network and $52m to increase services on three lines KEY JUSTICE SPENDING * $1.6 billion to roll out new bail laws, including $727 million to create an extra 1088 prison beds * $287 million for a new Financial Assistance Scheme to support victims of crime with medical expenses, emergency financial help and counselling * $65 million for a tobacco and liquor regulator, which has been touted as a way to crack down on the illicit tobacco trade fuelling a criminal gang conflict KEY INVESTMENT SPENDING: * $240 million to boost business growth and investment in the state, including a new $150 million Victorian Investment Fund KEY EMERGENCY AND DISASTER FUNDING * $40 million to replace Fire Rescue Victoria trucks and $17.4 million for the organisation to improve cyber security after it was hit by a cyber attack in 2022 * $10 million so the State Control Centre can run 24/7 KEY HOUSING SPENDING: * $61 million to extend stamp duty concessions for homes on off-the-plan townhouses, units and apartments until October 2026 * $4 million to expand Mortgage Stress Victoria KEY ENVIRONMENT SPENDING: * $32.6 million to maintain the health of creeks and rivers, including the Murray Darling Basin * $21.1 million to protect parks, bush and coastline * $16.6 million in additional funding to Agriculture Victoria for emergencies and to support animal welfare KEY INDIGENOUS AFFAIRS SPENDING: * An extra $167 million for culturally-responsive and self-determined services in health, education and housing
West Australian
20-05-2025
- Business
- West Australian
Health and cost-of-living help dominate budget
KEY TAKEAWAYS FROM THE 2025/26 VICTORIAN BUDGET * $2.3 billion in cost-of-living relief, much of it aimed at families with children aged under 18 * $3.3 billion will be slashed from the public service and a predicted 1200 full-time equivalent positions lost but details of the cuts and changes to programs are not yet known * Net operating surplus of $600 million in 2025/26 but net debt is tipped to hit $194 billion in mid-2029 as interest payments rise to $29 million each day * The government says health and wellbeing account for one third of expenditure KEY COST-OF-LIVING MEASURES * New $100 Power Saving Bonuses for households with a concession card holders, costing $50 million * The Camps, Sports and Excursion Fund for students who live with a concession card holder will jump to $400 per child, to the tune of $152.3 million * An additional 65,000 Get Active Kids vouchers for families to spend on school uniforms, fees and equipment worth up to $200 per child in 2026, which costs $15 million * Rebates for electric heat pumps and solar hot water systems, costing $30 million * $18 million for food relief charities and supporting organisations * Camping fees will stay half price for two more years, costing $10.5 million * Under 16s can continue to visit zoos for free on weekends, public holidays and school holidays under a $15 million program KEY HEALTH SPENDING: * A record $31b in health funding * The additional $11.1 billion includes $9.3 billion for hospitals and $497 million for mental health * $437 million to triple the capacity of the Victorian Virtual Emergency Department, which offers free consultations with doctors and nurses * $167 million to improve ambulance response times, including recruiting more staff at Triple Zero Victoria * $18 million to permanently allow pharmacists to provide certain medications without a doctor's script, including the contraceptive pill, and expand which conditions they treat KEY EDUCATION SPENDING: * $4.9 billion in education finding, including $1.5 billion for new schools and upgrades to existing schools * $859 million to continue Free Kinder programs for an estimated 160,000 children * Extra $133 million in funding for core subjects including additional $47m to improve maths education, introducing a numeracy check for students in Year 1 and upskilling maths teachers * $27 million for pathway coordinators in government secondary schools * $319.8 million to roll out disability inclusion reforms KEY INFRASTRUCTURE AND TRANSPORT SPENDING * $318 million for free public transport for under 18s and $2.2 million for free public transport for seniors on weekends * $727 million to turn on the new Metro Tunnel under the CBD, with the final opening date still unknown * $4.1 billion to expand Sunshine Station, which will be connected to the future airport rail line and Suburban Rail Loop * $976 million to upgrade roads and bridges across the state in 2025/26, including fixing pot holes * Extra $270 million to improve the regional rail V/Line network and $52m to increase services on three lines KEY JUSTICE SPENDING * $1.6 billion to roll out new bail laws, including $727 million to create an extra 1088 prison beds * $287 million for a new Financial Assistance Scheme to support victims of crime with medical expenses, emergency financial help and counselling * $65 million for a tobacco and liquor regulator, which has been touted as a way to crack down on the illicit tobacco trade fuelling a criminal gang conflict KEY INVESTMENT SPENDING: * $240 million to boost business growth and investment in the state, including a new $150 million Victorian Investment Fund KEY EMERGENCY AND DISASTER FUNDING * $40 million to replace Fire Rescue Victoria trucks and $17.4 million for the organisation to improve cyber security after it was hit by a cyber attack in 2022 * $10 million so the State Control Centre can run 24/7 KEY HOUSING SPENDING: * $61 million to extend stamp duty concessions for homes on off-the-plan townhouses, units and apartments until October 2026 * $4 million to expand Mortgage Stress Victoria KEY ENVIRONMENT SPENDING: * $32.6 million to maintain the health of creeks and rivers, including the Murray Darling Basin * $21.1 million to protect parks, bush and coastline * $16.6 million in additional funding to Agriculture Victoria for emergencies and to support animal welfare KEY INDIGENOUS AFFAIRS SPENDING: * An extra $167 million for culturally-responsive and self-determined services in health, education and housing
Perth Now
20-05-2025
- Business
- Perth Now
Health and cost-of-living help dominate budget
KEY TAKEAWAYS FROM THE 2025/26 VICTORIAN BUDGET * $2.3 billion in cost-of-living relief, much of it aimed at families with children aged under 18 * $3.3 billion will be slashed from the public service and a predicted 1200 full-time equivalent positions lost but details of the cuts and changes to programs are not yet known * Net operating surplus of $600 million in 2025/26 but net debt is tipped to hit $194 billion in mid-2029 as interest payments rise to $29 million each day * The government says health and wellbeing account for one third of expenditure KEY COST-OF-LIVING MEASURES * New $100 Power Saving Bonuses for households with a concession card holders, costing $50 million * The Camps, Sports and Excursion Fund for students who live with a concession card holder will jump to $400 per child, to the tune of $152.3 million * An additional 65,000 Get Active Kids vouchers for families to spend on school uniforms, fees and equipment worth up to $200 per child in 2026, which costs $15 million * Rebates for electric heat pumps and solar hot water systems, costing $30 million * $18 million for food relief charities and supporting organisations * Camping fees will stay half price for two more years, costing $10.5 million * Under 16s can continue to visit zoos for free on weekends, public holidays and school holidays under a $15 million program KEY HEALTH SPENDING: * A record $31b in health funding * The additional $11.1 billion includes $9.3 billion for hospitals and $497 million for mental health * $437 million to triple the capacity of the Victorian Virtual Emergency Department, which offers free consultations with doctors and nurses * $167 million to improve ambulance response times, including recruiting more staff at Triple Zero Victoria * $18 million to permanently allow pharmacists to provide certain medications without a doctor's script, including the contraceptive pill, and expand which conditions they treat KEY EDUCATION SPENDING: * $4.9 billion in education finding, including $1.5 billion for new schools and upgrades to existing schools * $859 million to continue Free Kinder programs for an estimated 160,000 children * Extra $133 million in funding for core subjects including additional $47m to improve maths education, introducing a numeracy check for students in Year 1 and upskilling maths teachers * $27 million for pathway coordinators in government secondary schools * $319.8 million to roll out disability inclusion reforms KEY INFRASTRUCTURE AND TRANSPORT SPENDING * $318 million for free public transport for under 18s and $2.2 million for free public transport for seniors on weekends * $727 million to turn on the new Metro Tunnel under the CBD, with the final opening date still unknown * $4.1 billion to expand Sunshine Station, which will be connected to the future airport rail line and Suburban Rail Loop * $976 million to upgrade roads and bridges across the state in 2025/26, including fixing pot holes * Extra $270 million to improve the regional rail V/Line network and $52m to increase services on three lines KEY JUSTICE SPENDING * $1.6 billion to roll out new bail laws, including $727 million to create an extra 1088 prison beds * $287 million for a new Financial Assistance Scheme to support victims of crime with medical expenses, emergency financial help and counselling * $65 million for a tobacco and liquor regulator, which has been touted as a way to crack down on the illicit tobacco trade fuelling a criminal gang conflict KEY INVESTMENT SPENDING: * $240 million to boost business growth and investment in the state, including a new $150 million Victorian Investment Fund KEY EMERGENCY AND DISASTER FUNDING * $40 million to replace Fire Rescue Victoria trucks and $17.4 million for the organisation to improve cyber security after it was hit by a cyber attack in 2022 * $10 million so the State Control Centre can run 24/7 KEY HOUSING SPENDING: * $61 million to extend stamp duty concessions for homes on off-the-plan townhouses, units and apartments until October 2026 * $4 million to expand Mortgage Stress Victoria KEY ENVIRONMENT SPENDING: * $32.6 million to maintain the health of creeks and rivers, including the Murray Darling Basin * $21.1 million to protect parks, bush and coastline * $16.6 million in additional funding to Agriculture Victoria for emergencies and to support animal welfare KEY INDIGENOUS AFFAIRS SPENDING: * An extra $167 million for culturally-responsive and self-determined services in health, education and housing
