Australia’s medical research fund is made up of funny money

AUSTRALIA normally does not keep talking about its annual federal budget much longer than a week or 10 days. The populace is inclined to look to its own selfish needs and is largely oblivious to the bigger picture.

But this year is different. The budget was presented to parliament on May 13 and nearly a month later, the government is still struggling to sell it to the public.

This is because there are cuts aplenty, largely for the poor and middle-class, and these have not gone down well. The fees in universities will go up due to deregulation. Petrol costs will go up due to the re-introduction of indexation.
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