May 13, 2012

Budget 2012/13: Delivering a Stronger, Fairer Future

Last night the Treasurer, Hon Wayne Swan MP, delivered his fifth budget that aims to deliver a stronger and fairer future for Australians.

“At the core of this Budget is a plan to ensure the benefits of our economy flow to families on low and middle incomes and provide better support to those who need it most, especially to working families in my electorate of Holt”, said Mr Byrne.

HOLT: BUDGET BRIEF

  • The new Schoolkids Bonus: Delivering a new cash payment to 16,050 local familiesin Holt with kids in schools. Parents will receive $410 for each child in primary school and $820 for each child in high school as part of the new Schoolkids Bonus.
  • More Assistance to Families: Increasing family payments by up to $600 for more than 21,000 local families in Holt. Flowing from July next year, this extra support will be made to families currently receiving Family Tax Benefit Part A payments.
  • A new Supplementary Allowance: Providing extra money to help pay the bills to 14,380 local young people, single parents and the unemployed currently receiving allowances in Holt. Singles will receive a $210 lump sum payment while couples will receive $350.
  • Benefits for small businesses: A much needed $6,500 instant asset-write-off for 2.7 million small businesses to help with cash flow and encourage them to invest.
  • Roads to Recovery: City of Casey to receive $991,335 in funding to maintain and upgrade local roads.
  • Encouraging Kids to Get Active: $39.2 million will be provided to continue the successful Active After-school Communities Program across Australia for the 2013 school year.

“As well as helping families with the cost of living, major new initiatives in this budget include the launch of Australia’s first ever National Disability Insurance Scheme (NDIS), a blitz on the public dental waiting list and reform of aged care”, said Mr Byrne.

“The Government will provide $1 billion over four years for the first stage of an NDIS in launch locations for 10,000 Australians from 1 July 2013, increasing to 20,000 participants from 1 July 2014”, said Mr Byrne.

This Budget also included an investment of over $500 million to strengthen dental services and a new $3.7 billion funding commitment towards aged care reform which will see more in-home care support so people can live independently longer”, said Mr Byrne.

“Many working families are dealing with rising cost of living pressures. This budget aims to provide many families in Holt with some much needed relief, while also supporting their children’s futures”, said Mr Byrne.

Media Enquires: Daniel White (03) 9796 7533.

 

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