The Budget released yesterday had significant cuts in a range of areas that are going to affect unionists across NSW details are outlined below. 

The ACTU have put together budget media releases which can be found here and they have also released some videos on how Abbott and Hockey’s budget will make you work longer, and pay for when you get sick.

 Health

  • NSW facing $25.5 billion in funding cuts to health and education;
  • $7 co-payment for visits to the GP;
  • Additional $5 added to PBS prescriptions;
  • $368 million cut from preventative health measures;
  • Medicare safety net threshold lowered;
  • $390 million cut from public dental services.

More info:

Australian Nurses and Midwives Association Cuts to health won’t heal

The Age Commonwealth to slash share of hospital funding

The Australian Row set as labor hospital deal ditched

The Guardian Budget brings end to free doctor visits


School Education

  • NSW facing $25.5 billion in funding cuts to health and education;
  • Gonski funding halved, with years 5 and 6 abandoned, with NSW loosing $2.1 billion in funding;
  • No new money promised for students with a disability;

More info:

The Age School cuts will entrench disadvantage

Vocational Education

  • Tools For Youth Trade program cut (worth $914.6 million)
  • Another $1 billion cut from a number of programs including: National Workforce Development Fund, Workplace English Language and Literacy Fund and the National Partnership Agreenment on training places for single parents.


Tertiary Education

  • University fees deregulated, which will see significant increases in fees;
  • Universities will compete for public funding;
  • Interest on University fees increased from CPI to 6%;
  • Income level where University loans become repayable is reduced to $50,000.

More info:

National Tertiary Education Union Road to ruin for higher education

SMH Radical shakeup to university funding

The Australian Students to be hit with HECS interest


Public Sector Jobs

  • 16,500 jobs to be axed;
  • Civil government agencies to shed 7,336 full-time equivalent jobs;
  • 70 government agencies will be scraped or consolidated.

More info:

Community and Public Sector Union Budget will destroy jobs and services

SMH Budget to cut 16500 public service jobs

SMH More than 70 government agencies to be scrapped


Motorists

  • Fuel excise introduced that will see petrol increased by 4c a litre;
  • Diesel fuel rebate for miners and farmers is spared the axe.

More info:

The Guardian Australian motorists facing 4c a litre petrol rise

NRMA Petrol tax we need a fairer deal


Young people

  • Under 25s will be paid the lower rate of Youth Allowance (not NewStart);
  • Under 30s must be working or studying to receive Youth Allowance or NewStart;
  • Under 30s will need to wait 6 months before receiving any payments.

More info:

Australian Council of Social Services Budget divides the nation

The Guardian Young Australian to face six month wait for unemployment benefits


Older Australians

  • Retirement age increased to 70 by 2035;
  • Asset and income test thresholds for the pension will be indexed until 2016 then frozen for 3 years;
  • Increases to the pension will be linked to inflation (not Average Weekly Earnings);
  • Seniors supplement abolished;
  • Tougher rules for Senior’s card (superannuation income to be included in test);
  • 2.5 billion cut from aged care;
  • Housing Help for Seniors scheme scrapped.

More info:

The Australian Cuts to aged care

Combined Pensioners and Superannuants Association Pensioners to foot the bill


Business

  • Company tax rate reduced by 1.5%.

More info:

ABC Corporate welfare axed in budget


Family payments

  • Family tax benefit threshold reduced to $100,000;
  • Payments will only be made until youngest child turns 6.

More info:

SMH Family tax benefit sting


Overview of Budget

 

SMH Winner and losers

News.com Nine areas you won’t believe they’re cutting

The Guardian How will it affect you

ABC Winner and losers

Tagged: Budget

Add your comment