Economics assignment on: Australian government and economy
Productivity commission an independent and advisory body was enquired by Australian government, to look into national disability scheme, and how it could be designed, administered, financed and implemented, in the late 2009. The report highlight that the service provided for disability segment was inefficient and under funded. The commission advised that National Disability Insurance Scheme (NDIS) must be designed in order to provide care and support for disable people. In the present scenario, the government is providing full support to the proposal of the productivity commission regarding NDIS. The services that are being provided to the disabled must be improved, but the main disagreement is arising in the context of fund scheme required for improvement in this segment.
Productivity commission highlighted that NDIS will make a positive impact on the economic condition of the country. Labor market for people will also witness a possible increase for people with disability. Australian bureau of statistics highlighted that this step will prove to be extremely helpful positively affect the workforce with a disability and bring dignity into their lives. The final action plan, which is designed for an effective base of NDIS, requires a comprehensive and composite planning structure and joint efforts from the stakeholders. In order to make the scheme sustain for a long period the funding plan should be formally agreed by all the authorities.
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