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NDIS gets $1b injection to slow growth even as budget slides into deficit


Published on 2024-12-16 07:40:38 - The Age
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  • New ways of assessing people for NDIS support will add to a series of changes that are slowing growth of the $47 billion scheme but also revoking people's plans at higher rates.

The article from The Age discusses the Australian government's decision to inject an additional $1 billion into the National Disability Insurance Scheme (NDIS) to manage its growth, despite the federal budget slipping into a deficit. This funding aims to address the scheme's escalating costs, which have been growing at an unsustainable rate. The NDIS, designed to provide support for Australians with disabilities, has seen its expenses rise due to increased demand and broader eligibility criteria. The government's move comes amidst concerns about the scheme's long-term financial viability, with Treasurer Jim Chalmers emphasizing the need for reforms to ensure the NDIS remains sustainable while still providing essential support. This financial injection is part of broader budget adjustments, reflecting the government's strategy to balance economic recovery efforts with fiscal responsibility.

Read the Full The Age Article at:
[ https://www.theage.com.au/politics/federal/ndis-gets-1b-injection-to-slow-growth-even-as-budget-slides-into-deficit-20241216-p5kyla.html ]