Investment is needed now
The Government established the Health and Hospitals Fund (HHF) in 2008‑09 to make major capital investments to support the Government's reform priorities in health and hospitals.
The time for such investment is now.
The Government will make significant investments from the Fund in this budget. Funding from the HHF will support economic activity, employment, improve our health infrastructure, and lead to improved health outcomes.
The Government is concentrating HHF funding totalling $3.2 billion on three reform priorities: expanding and modernising key public hospitals and other major infrastructure; funding infrastructure to deliver nationally consistent cancer services; and investing in translational research.
The Government will invest $1.5 billion towards upgrading and delivering major new infrastructure for Australia's health system.
The Government will fund 17 major projects across Australia, including:
Building a world‑class health system