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Australia’s Aged Care Costs To Inflate by $5 Billion in 2022-2023

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Australia’s Aged Care Costs To Inflate by $5 Billion in 2022-2023
An ambulance parks in front of the Wyoming Nursing Home in Sydney, Australia, on Aug. 2, 2021. Sean Foster/Getty Images
Alfred Bui
|Updated:

Australia’s aged care sector will cost the country $5 billion (US$3.36 billion) more in 2022-2023 and is expected to put more pressure on the government budget in the coming years.

The 2023 federal budget to be released on May 9 will feature aged care services as the fifth-largest area of government spending.

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Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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