Appendix E - Major savings
This table summarises the major savings in the 2015 Budget and their impact on the fiscal balance. More comprehensive information is provided in Budget Paper No. 2, Budget Measures 2015-16.
|
|
2014‑15 $m |
2015‑16 $m |
2016‑17 $m |
2017‑18 $m |
2018‑19 $m |
Total $m |
|---|---|---|---|---|---|---|
|
Total |
276 |
1,191 |
3,082 |
3,080 |
3,360 |
10,989 |
| Social Security Assets Test ‑ rebalance asset test thresholds and taper rate | 0 | 0 | 445 | 975 | 1,024 | 2,443 |
| Strengthening the Integrity of Welfare Payments | -1 | 253 | 559 | 623 | 254 | 1,688 |
| Commonwealth contribution to the East West Link project* | 100 | 300 | 600 | 0 | 500 | 1,500 |
| Removing Double-Dipping from Parental Leave Pay | 0 | -10 | 268 | 343 | 367 | 968 |
| Rationalising and streamlining Health programmes | 12 | 121 | 216 | 276 | 337 | 963 |
| Management of the Immigration Detention Network | 30 | 111 | 142 | 137 | 136 | 554 |
| No Jab No Pay | 0 | 72 | 148 | 147 | 141 | 508 |
| Social Security Income Test – improve integrity of social security income test arrangements | 0 | 57 | 129 | 136 | 143 | 465 |
| Sustainable Research Excellence – adjustment | 0 | 0 | 150 | 38 | 75 | 263 |
| Pharmaceutical Benefits Scheme – price changes | 14 | 55 | 56 | 61 | 67 | 252 |
| My Health Record – a new direction for electronic health records in Australia | 0 | 62 | 107 | 50 | -5 | 214 |
| Cessation of the Large Family Supplement of Family Tax Benefit Part A | 0 | -2 | 59 | 60 | 60 | 177 |
| Smaller Government – Immigration and Border Protection efficiencies | 0 | 8 | 51 | 55 | 55 | 168 |
| Medicare Benefits Schedule – health assessment items – modification | 0 | 20 | 36 | 41 | 47 | 145 |
| Smaller Government – Education and Training Portfolio | 1 | 32 | 24 | 30 | 44 | 131 |
| Child Dental Benefits Schedule – consistent indexation | 0 | 15 | 25 | 38 | 48 | 126 |
| Digital Transformation Agenda – Portfolio Contributions | 12 | 45 | 23 | 22 | 18 | 120 |
| Smaller Government – Health Portfolio | 3 | 15 | 29 | 33 | 33 | 113 |
| Infrastructure Investment Programme – savings | 62 | 28 | 5 | 5 | 5 | 105 |
| Employment Services – Changes to Service Fees and Cessation of Personal Contact Interviews | 44 | 9 | 11 | 11 | 11 | 86 |
*The Government remains committed to providing $3 billion towards the East West Link. This commitment is reflected as a contingent liability in Statement 8: Statement of Risks, in Budget Paper No. 1 2015-16.