The Government has found $2.1 billion in savings from the welfare budget which it will move into the new NDIS savings fund.

Nearly $1.4 billion will be saved by stopping all new recipients of Government welfare payments from receiving carbon tax compensation which, for a pensioner, was worth up to $14 a fortnight.

Federal Treasurer Scott Morrison said in his budget announcement, those who were receiving the compensation would continue to do so but it was “nonsensical” for the Government to extend that to new welfare recipients.

Source: abc.net.au