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Childcare boosts our economy.

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Monday, 14 July 2003

Childcare Boosts Our Economy

Every dollar spent by the Commonwealth on childcare generates $12.28 in total economic benefits, $5.63 in parent wages and $1.86 in government revenue according to research presented yesterday by the Department of Family and Community Services to the Early Childhood Australia conference.

Senator Collins today congratulated FACS on its groundbreaking research.

“The research of FACS should be applauded. It proves that not only is quality childcare important for children and their families but it is important for our economy.”

The Biennial Conference of Early Childhood Australia brought together almost 1000 practitioners and workers in early childhood. It represented serious collaboration around the future of children’s services.

The research presented by FACS uses data from a variety of sources to quantify the contribution of childcare to the economy. It considers the economic and social activity that childcare supports, taxation revenue associated with childcare and employment both directly and indirectly generated by childcare.

“This research demonstrates that the Government gains much more from childcare and they should be prepared to put more into it, particularly given the access crisis many parents face.”

The Government has finally established a national agenda for children. The challenge for the Government will be to put into this agenda effective and well resourced policies and programs.

Inquires: Jacinta Collins 0418 991 757

Lizzie Blandthorn 0419 326 946

Unit 6, 410 Burwood HWY, Wantirna South, VIC 3152 Phone (03) 9800 2055 Fax (03) 9800 2421 Parliament House, Canberra ACT 2600 Phone (02) 6277 5880 Fax (02) 6277 5886 Email: