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Australian Government Coat of Arms

Budget | 2015-16

Budget 2015-16
Australian Government Coat of Arms, Budget 2015-16

Appendix E - Major savings

This table summarises the major savings in the 2015 Budget and their impact on the fiscal balance. More comprehensive information is provided in Budget Paper No. 2, Budget Measures 2015-16.

2014‑15

$m

2015‑16

$m

2016‑17

$m

2017‑18

$m

2018‑19

$m

Total

$m

Total

276

1,191

3,082

3,080

3,360

10,989

Social Security Assets Test ‑ rebalance asset test thresholds and taper rate 0 0 445 975 1,024 2,443
Strengthening the Integrity of Welfare Payments -1 253 559 623 254 1,688
Commonwealth contribution to the East West Link project* 100 300 600 0 500 1,500
Removing Double-Dipping from Parental Leave Pay 0 -10 268 343 367 968
Rationalising and streamlining Health programmes 12 121 216 276 337 963
Management of the Immigration Detention Network 30 111 142 137 136 554
No Jab No Pay 0 72 148 147 141 508
Social Security Income Test – improve integrity of social security income test arrangements 0 57 129 136 143 465
Sustainable Research Excellence – adjustment 0 0 150 38 75 263
Pharmaceutical Benefits Scheme – price changes 14 55 56 61 67 252
My Health Record – a new direction for electronic health records in Australia 0 62 107 50 -5 214
Cessation of the Large Family Supplement of Family Tax Benefit Part A 0 -2 59 60 60 177
Smaller Government – Immigration and Border Protection efficiencies 0 8 51 55 55 168
Medicare Benefits Schedule – health assessment items – modification 0 20 36 41 47 145
Smaller Government – Education and Training Portfolio 1 32 24 30 44 131
Child Dental Benefits Schedule – consistent indexation 0 15 25 38 48 126
Digital Transformation Agenda – Portfolio Contributions 12 45 23 22 18 120
Smaller Government – Health Portfolio 3 15 29 33 33 113
Infrastructure Investment Programme – savings 62 28 5 5 5 105
Employment Services – Changes to Service Fees and Cessation of Personal Contact Interviews 44 9 11 11 11 86

*The Government remains committed to providing $3 billion towards the East West Link. This commitment is reflected as a contingent liability in Statement 8: Statement of Risks, in Budget Paper No. 1 2015-16.