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PBS spend up in 2019-20

Posted 25 September 2020

The Federal Government's Final Budget Outcome for the 2019-20 financial year shows gross spending on the PBS finished the year at $14.175 billion - almost $1.5 billion higher than initially forecast.

While the government maintains spending on the scheme is uncapped and driven by listings, in May last year it forecast gross spending on the PBS (pre-rebates) would be $12.688 billion in 2019-20.

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