Government to spend $11.3 billion over four years to fund 15% pay rise for aged care workers

Tuesday’s budget will include $11.3 billion over four years to fund the 15% pay rise aged care workers will receive from July 1.

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The ConversationThe Conversation
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https://theconversation.com/government-to-spend-11-3-billion-over-four-years-to-fund-15-pay-rise-for-aged-care-workers-204919https://theconversation.com/government-to-spend-11-3-billion-over-four-years-to-fund-15-pay-rise-for-aged-care-workers-204919
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Wednesday, May 3, 2023
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Tags: 
Growth, Fair Work Commission, Ageing, Federation, Reward, Chalmers, Social security in Australia, Population, Politics, Foundation, NDIA, Health insurance, Nursing
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AUSTRALIA
Summary
Key Points: 
  • Tuesday’s budget will include $11.3 billion over four years to fund the 15% pay rise aged care workers will receive from July 1.
  • Labor committed at last year’s election to fully fund a rise in pay for this sector.
  • Aged Care Minister Anika Wells said that “fair wages play a major role in attracting and retaining workers”.
  • This financial year the cost of aged care will increase from $24.8 billion to an estimated $29.6 billion (23%).
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