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Articles on Federal Budget 2015

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Billions were expected to be saved from the Pharmaceutical Benefits Scheme – but surprisingly the budget only outlines $252 million in savings. Lukas Coch/AAP

Federal Budget 2015: health experts react

The big surprise about this year’s health budget was what wasn’t there – billions of dollars in expected savings from the Pharmaceutical Benefits Scheme.
As expected, part-pensioners will be most affected by budget changes. AAP Image/Melanie Foster

Budget brief: will I lose my age pension?

Part-pensioner couples who own their own home and assets worth more than about A$800,000 are expected to lose their part-pension altogether, under proposals in the federal budget.
Treasurer Joe Hockey and Finance Minister Mathias Cormann speak to media during the 2015 budget lockup. AAP Image/Lukas Coch

Path to budget surplus built on shifting foundations

The impact of 2015 budget measures delivered by the government pale into insignificance when compared with the external factors hurting the budget bottom line.
Treasurer Joe Hockey’s politically cautious second budget talks up business confidence. AAP/Mick Tsikas

Federal Budget 2015: Small business wins in grab for confidence

Treasurer Joe Hockey has unveiled a A$5.5 billion jobs and small business package to kick start confidence, in a second Coalition budget that strategically retreats from the harshest measures of its predecessor.
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INFOGRAPHIC: 2015 federal budget at a glance

Your simple guide to the budget deficit, how the money will be spent and the savings measures we can expect in the years ahead.
‘What’s in it for me?’ is a common question today, but not one that necessarily produces the best answers for collective wellbeing. Shutterstock/iQoncept

Explainer: the greater good and why it matters more than ever

The concept of the greater good has made a comeback in Europe in an era of budget austerity, but in Australia too few of us are alive to its meaning – and to its vulnerability.
Treasurer Joe Hockey must weigh all aspects of Australia’s economy in his budget. AAP/Lukas Coch

Budget explainer: the forces influencing Australia’s economy

As we head into the federal budget tonight, all eyes will be on how the Coalition government might tackle some challenging economic data affecting Australia’s economy.
Australian aid can make a difference to the lives of millions – but there are few votes and little media interest in it, so it’s an easy target for budget cuts. John Bransby/Department of Foreign Affairs

A fair budget? Not for the poor losing Australian aid in record cuts

Foreign aid will fall to close to 90 cents in every A$100 of federal government spending in the 2015 budget – its lowest level ever.
Social Services Minister Scott Morrison announces that a A$3.5 billion child-care subsidy will begin from July 1 2017 if the Senate passes previously rejected Family Tax Benefit savings. AAP/Paul Miller

Focus on working parents misses true value of universal early childhood services

Lost in the political debate about subsidising child care is the fact that universal free preschool care has been abandoned as a goal of good social policy.
Treasurer Joe Hockey has announced a budget crackdown on tax avoidance by multinational companies. AAP/Lukas Coch

Hockey moves on diverted profits but gives no estimate of revenue

The budget will toughen anti-avoidance measures to crack down on the profit-shifting being undertaken by 30 multinational companies that have been identified by the Taxation Office.
Without the contributions of its army of volunteers – six million of them in all – Australia would be a profoundly different place. AAP/David Crosling

Ten things you should know about volunteering’s immeasurable value

It’s National Volunteer Week, which celebrates the contributions of one in four Australians. Vounteering has 10 core features that should be considered to understand this integral part of our society.

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