2017 Federal budget highlights

by Nicole Gundi | May 11, 2017

This year’s budget focuses on boosting infrastructure, improving housing affordability and rolling back unpopular measures such as the previously proposed university fee deregulation.

Much of the budget news had been ‘leaked’ slowly over the last two weeks so there wasn’t much that was new. However, the levy on the big five banks, the big infrastructure spend, and the increase in the Medicare Levy to fund the NDIS were surprise additions.

budget photo blog

As an advocate on education issues, ASG remains concerned at the increasing cost burden on students and parents in the tertiary education sector and the potential disincentive this may provide in many students accessing further learning. We urge the government to consider education policies holistically and invest in improving student outcomes and engagement at all levels of the education journey.

ASG member Lina Cucinotta and mother of a 17 year old son and 14 year old daughter says:

“I don’t think my kids will ever have it as easy as we did with higher uni fees and dipping into their super. I feel as though this budget is setting them up to be at home for longer…

“Next year I won’t have the extra school fees for Samuel because he would have finished high school, but where perhaps 15 years ago I might have thought once Samuel finishes year 12 I’ll be able to stop working, I think I’ll have to continue working. I don’t think they can move out while they’re at uni. Even if he works at the local supermarket he is going to be paying off his HECS debt a lot sooner, so I think it puts pressure on me to continue working and I don’t think we’re in a position where we’re going to be able to retire earlier because the kids will still be at home. It will be an added burden on us, I don’t think they’ll leave until they perhaps are married.”

Find out more from our summary budget update.

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