Increasing the government's share of childcare cost to near full funding would boost the post-pandemic economy by as much as $7.4 billion and help address gender inequality, according to KPMG.
A policy proposal by the consulting firm suggested increasing taxpayer funding – taking the federal government’s child care subsidy (CCS) benefit from 85 per cent to 95 per cent – would increase tax receipts, improve workforce participation and secure better shared caring responsibilities.
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Tom McIlroy was the Financial Review’s Canberra bureau chief.
![“We’re having a birthday party for [daughter] Rada in a few weeks and we’re going to get the truck to come, which is a real flex,” O’Neill says.](https://static.ffx.io/images/$zoom_0.7012%2C$multiply_2%2C$ratio_1.777778%2C$width_1059%2C$x_732%2C$y_641/t_crop_custom/c_scale%2Cw_600%2Cq_52%2Cf_auto/b5e4395344f07ccd1e3a348af02af77c8eeb8d1b)
