2017-2018 Federal Budget Expert Analysis - Executive Summary

This Budget is premised on the principles of fairness, security and opportunity with the Treasurer reporting an underlying cash balance deficit of $29.4 billion for 2017-18. The Government anticipates a significant improvement to the bottom line with a forecasted $7.4 billion surplus by 2020-21 supported by economic growth of 2.75% in 2017-18 and 3% in 2018-19.

2017-2018 Federal Budget Expert Analysis - Health

Key points

  • Medicare Levy to increase by 0.5% from 1 July 2019

  • Medicare Levy low-income thresholds increased

  • Medicare Guarantee Fund to be established to ensure Medicare is fully funded

  • The freeze on the indexation of the Medicare Benefits Schedule (MBS) has been lifted

  • Retention of bulk billing incentives for diagnostic imaging and pathology services

  • Affordable access to medicines continued

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