Australia’s Budget has revealed the Albanese government’s plan to save more than $74 billion over the next decade by reducing the annual funding target of the National Disability Insurance Scheme (NDIS).
This follows a decision by Federal Labor to cap the annual funding target of the disability scheme at eight percent by July 2026.
In October 2022, federal Labor had forecasted the annual growth of the NDIS to be 13.8 percent. On May 9, the NDIS was forecast to grow at 10.4 percent per year over the next decade.
The NDIS currently has over 580,000 participants.
Meanwhile, Federal Labor Treasurer Jim Chalmers has assured Australians that eligibility for the NDIS won’t be tightened and that he remains committed to the future of the disability scheme….