Federal Government Pre-Budget Submission 2020–21
There are economic benefits investing in medical research. In 2018, KPMG calculated that for every $1 invested in medical research, $3.90 is returned to the broader economy. The Australian economy is now entering its 28th year of uninterrupted annual economic growth. The Budget is forecast to return to surplus for the first time in 12 years. We note there are economic headwinds facing the economy, such as lower household consumption, lower wage growth, the impact of drought, and the devastating bushfires.
The George Institute for Global Health’s 2020–21 Pre-Budget Submission outlines our key priorities in numerous policy areas, from investing in health and medical research, improving the food environment and promoting stability in the Indo-Pacific region. This advocacy aligns with our mission – to improve the health of millions of people worldwide. We do this by investigating the biggest burden of death and disability – chronic disease and injury.
Download our 2020-2021 Pre-Budget Submission (PDF 387 KB)