NSW families could save up to $ 3,900 a year after the state government announced a massive child care package.
The government will spend $ 5 billion over the next decade to increase the number of places available by paying operators to expand, build new centers or hire more staff.
Watch Treasurer Matt Kean talk to Sunrise about the previous daycare review
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The program is expected to create an additional 47,000 jobs and increase productivity by ensuring that thousands of parents can return to the workforce.
According to the scheme, a middle-income Sydney family with a caring child could have an improvement of up to $ 3,900 each year, with a family equivalent in the NSW region to save up to $ 7,800 a year, according to the government. state.
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It is designed to work in conjunction with the Albanian government’s childcare package.
Under the plan, which is not expected to take effect until next year, the Labor federal government will raise the maximum childcare subsidy rate to 90 percent for dependent first-child families. will keep the grant rates higher for the second and additional. children in care.
Childcare subsidy rates will be increased for each family with a child in care who earns less than $ 530,000 in family income.
NSW Prime Minister Dominic Perrottet said his nursery review is designed to make it easier for families to access affordable childcare.
“We know that childcare places are scarce in some postal codes, which makes it difficult for parents to return to paid work when they want to. Improving daycare accessibility by investing in supply will provide practical assistance to families with young children, “he said on Tuesday.
“My government is focused on building a better future for our state by helping people pursue their hopes and aspirations. That is what this transformative policy will do.”
NSW Prime Minister Dominic Perrottet said the plan would make it easier for parents to reserve their children for daycare. Credit: Getty Images
In addition to saving thousands of dollars for some families, NSW Treasurer Matt Kean said the investment will help women get back to work.
“The costs of caring for children hamper women’s dreams across NSW because many women can only keep about 30 cents for every dollar they earn when they go back to work,” she said.
“The nursery should not be a postal code lottery. Improving the affordability and accessibility of daycare is a one-generation economic policy.
Up to 95,000 women are expected to enter the workforce or work overtime with the investment.
The daycare package will be part of the NSW government budget, which is due this month.