2021-22 Federal Budget Analysis
The long awaited budget response to the Royal Commission has resulted in a number of surprises including a record spend of $17.7bn over the budget horizon of four year across both Home Care and Residential Aged Care.
Our expert Healthcare & Retirement Living Team has undertaken a detailed analysis on the Federal Budget 2021-22 and its impact on Aged Care.
This report provides an in-depth analysis of the Government directional statements as well as our preliminary thoughts on the key budget recommendations for each of the strategic pillars:
- Home care
- Residential aged care quality and safety
- Residential aged care services and sustainability
Our analysis considers these Pillars from the perspectives of the operator, consumer and the investor.
Our team has also provided a sector outlook based on implications of this year’s budget.
The information in our report has been sourced from the Federal Budget Papers, Department of Health and Department of Social Services announcements.