A snapshot of the mid-year budget update

The key spending and savings measures announced since the May budget.

Mid-Year Economic and Fiscal Outlook 2017/18

Welfare payments will be stripped from new migrants. (AAP) Source: AAP

KEY SPENDING SINCE THE MAY BUDGET

* $2.1 billion for new and changed listings on the Pharmaceutical Benefits Scheme, including for chronic lymphocytic leukaemia.

* An extra $1.3 billion for the new schools funding package over four years.

* Pushing ahead with an alternative university package, including freeze on total Commonwealth Grant Scheme funding from January 1, 2018. The reforms will cost $605 million over four years (but are a saving on the previously proposed package).

* $118 million for the Office of National Intelligence.

KEY SAVINGS SINCE THE MAY BUDGET

* Broadening the waiting period criteria for new migrants before they can access some welfare benefits - saving $1.2 billion over four years.

* A new minimum HELP loan repayment threshold of $45,000 from July 1, 2018.

* Greater family day care compliance measures - saving $1 billion over four years.

* Changes to after-hours doctor visits - part of a broader package saving $409 million (which will be directly reinvested into Medicare).

* Ceasing the School Enrolment and Attendance Measure - saving $29.6 million over four years.

* Using Family Tax Benefit lump-sum, reconciliation or instalment arrears payments to repay outstanding social security, student assistance and parental leave debts from December 2018 - saving $176.6 million.



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Source: AAP

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