PM Scott Morrison's signature $2.5 billion childcare package has 'dried up' after just 18 months
The federal government's $2.5 billion childcare package has dried up for some parents just 18 months after its introduction as operators drive up prices more than three times faster than the rate of inflation.
Eighteen months after its introduction, the benefits of the Morrison government's childcare package have all but been wiped out by climbing fees and costs.But by the December quarter of 2019, prices were almost back to where they had started. In Brisbane, the full benefit of the original drop is now gone with costs 0.3 per cent higher than they were when the government's scheme began.Sydney prices are now just 2.
The Rudd government in 2008 oversaw a 23 per cent quarterly fall in childcare prices as part of its sweeping reform of the sector. Four years later, prices were back to where they had started. "The federal government is serious in trying to back parents and we want to do it in a way that works," he said.
"We love her centre, but I had to reduce her care to two days a week this year for now, as more were no longer viable, even with the rebate."
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