Dunlea Centre
MEDIA, JOBS & RESOURCES for the COMMON GOOD
NEWS  |  Politics

Budget: The “Welfare” Budget and Not for Profits


Wednesday, 9th May 2012 at 10:15 am
Staff Reporter
Australians on low and middle incomes are the big winners in this year’s Federal Budget handed down by the Treasurer last night- and for the Not for Profit organisations that work at the coal-face the Budget has been seen as ‘helping the battlers’.


Wednesday, 9th May 2012
at 10:15 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Budget: The “Welfare” Budget and Not for Profits
Wednesday, 9th May 2012 at 10:15 am

Australians on low and middle incomes are the big winners in this year’s Federal Budget handed down by the Treasurer last night – and for the Not for Profit organisations that work at the coal-face the Budget has been seen as ‘helping the battlers’.

The biggest measure announced is the funding of the set up costs for the National Disability Insurance Scheme of almost $1billion over the next four years.

For the Not for Profit campaign ‘don’t cut aid’ the Budget announcement on international aid however has come as a blow.

The Government has deferred the target date by which it intended to provide the foreign aid equivalent to 0.5% of gross national income, saving $442.7 million in the 2012-13 year.

Despite this, Australia’s Official Development Assistance (ODA) will increase to $5.2 billion in 2012-13; an increase of $2 billion since 2001.

Families who receive Family Tax Benefit A will receive a boost from July 1st with up to $600 a year for families with two or more children. An extra $2.1Billion will be spent over five years on a means-tested Schoolkids Bonus.

Community Based Employment Advice services has been allocated $7.1 million to meet demands of clients in regional areas with restricted access to employment services.

The Government will continue to roll out the $4.3 billion in regional health, hospitals, education, infrastructure and skills investments announced in the 2010/11 budget.

In the area of aged care, the Budget provides a package of $577million to enable people to stay at home under a user-pays scheme.

On the welfare side the Budget provides annual payments of up to $200 for unemployment and other benefits. A new supplementary allowance for unemployed, students and parents with young children will start in March costing $1.1Billion.

The National Capital Authority will receive $11.9 million to ensure the financial sustainability and support heritage compliance and asset management.

The Key Points of the Federal Budget include:

  • $1.5 Billion surplus in 2012-13
  • $1.8 Billion in extra family support
  • $1 Billion National Disability Scheme
  • $500 Million for a National dental scheme

Budget Savings include:

  • $5.4 Billion in Defence efficiences
  • $4.8 Billion company tax cut scrapped
  • $2.9 Billion foreign aid target deferred
  • $2.1 Billion standard tax deduction scrapped
  • $1.4 Billion in Super tax break 

Budget At A Glance: http://www.budget.gov.au/2012-13/content/at_a_glance/html/index.htm

The Treasurer will be taking part in a Twitter forum from 11am AEST this Friday. You can join in the conversation by following  @SwannyDPM and on the #FairGo hashtag.

Read all our coverage of the 2012 Budget here. 

 

 

Like this story? Want more? Subscribe to our Online News Service – it’s FREE!




Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Write a Reply or Comment

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Mental Health the Poor Cousin of the Health System

Contributor

Tuesday, 22nd May 2018 at 11:29 am

ACNC Funded for Anticipated Litigation

Wendy Williams

Thursday, 10th May 2018 at 10:51 am

The Budget – Beyond Economic Units

David Crosbie

Thursday, 10th May 2018 at 9:04 am

Australian Government ‘Cottons On’ to the Value of Cooperatives

Wendy Williams

Wednesday, 9th May 2018 at 6:18 pm

POPULAR

Concerns Raised Over NDIS Barriers for Homeless People With Disability

Maggie Coggan

Tuesday, 7th August 2018 at 8:24 am

NFPs Urged to Focus on Purpose

Luke Michael

Tuesday, 7th August 2018 at 8:27 am

Coordinated Care at Risk Under Marketisation of the NDIS

Luke Michael

Thursday, 9th August 2018 at 8:20 am

Disability Advocates Welcome Pledge to Remove NDIA Staff Cap

Luke Michael

Wednesday, 8th August 2018 at 5:12 pm

Dunlea Centre
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!