Medicines Australia welcomes government's recognition of medicines importance
Pharma trade group Medicines Australia has welcomed today’s Mid-Year Economic and Fiscal Outlook (MYEFO), announced by Treasurer Josh Frydenberg.
The announcements today demonstrate much needed investment into the innovative medicines that Australian patients need, with A$1.4 billion ($1.0 billion) in new and amended listings on the Pharmaceutical Benefits Scheme (PBS).
The Morrison government is forecasting a larger surplus of A$4.1 billion in 2019-20, revised up from A$2.2 billion, after a windfall surge in company and superannuation taxes this year. "This will be the first budget surplus since the last year of the Howard government," Mr Frydenberg said.
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