The 2022-2023 Federal Budget was delivered on 29 March 2022. Amidst the backdrop of the COVID-19 pandemic, shocks from the recent floods in Queensland and northern New South Wales and the ongoing Russian invasion of Ukraine, the Australian economy has proven its resilience to these impacts with economic activity so far exceeding pre-pandemic levels.
The Federal Budget has been designed to address cost of living pressures brought about by global inflationary pressures. The Australian Government’s other expenditure targets a range of social and economic challenges – from aged care, mental health, job creation, training and up-skilling, community resilience, and the perennial budget priorities of infrastructure, defence and national security.
The Government’s Budget has introduced a range of initiatives and stimulus to further the delivery of essential health services and to navigate Australia’s transition to living with COVID-19.
The new stimulus is aimed at ensuring that the Australian health system has the capacity to deal with new challenges posed by the emergence of new COVID-19 variants.
Barwon’s Healthcare Federal Budget Review focuses on the healthcare sub-sectors which are prime beneficiaries of the financial stimulus.
We hope you find Barwon’s insights on the Federal Budget helpful.
