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Parents have saved more than $2700 through childcare subsidies, new figures show

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Australian parents have saved more than $2700 since new childcare subsidies came into effect just over a year ago, with Anthony Albanese saying Labor's raft of childcare policies were creating the "building blocks for a universal childcare system".
The article from news.com.au discusses the financial relief provided to Australian families through the Child Care Subsidy (CCS) program. According to new figures, parents have saved over $2,700 on average since the introduction of the CCS in July 2023. The subsidy, which replaced the previous Child Care Benefit and Child Care Rebate systems, aims to make childcare more affordable, thereby supporting workforce participation, particularly among women. The data shows that the savings have been significant for families, with some reporting even higher savings depending on their circumstances. The government has highlighted this initiative as part of its broader strategy to support families and stimulate economic growth by reducing the financial burden of childcare.

Read the Full Couriermail Article at:
[ https://www.news.com.au/national/politics/parents-have-saved-more-than-2700-through-childcare-subsidies-new-figures-show/news-story/19986d11e7a8d221080dc8fca4bac0bd ]