Federal Budget to Provide $1.7 Billion for Childcare

Federal Budget to Provide $1.7 Billion for Childcare
Australian Treasurer Josh Frydenberg speaks during an address to the Australian Chamber of Commerce and Industry at Parliament House in Canberra, April 29, 2021. AAP Image/Lukas Coch
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Australian families with two children in childcare can receive an increase of subsidy from July after Treasurer Josh Frydenberg announced a $1.7 billion injection into the child care system.

Aiming to encourage more women back into the workforce after having children, the new package allows parents with two or more kids— aged five and under—to receive an increase of childcare subsidy from 85 percent to 95 percent.