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Who pays for the bulk aged care services in Australia?

In 2023–24, Australian governments spent $36.4 billion on aged care services, with the majority (99%) of this coming from the Australian Government. This statistic highlights that the Australian Government pays for the bulk aged care services in Australia, providing substantial subsidies to approved providers. However, this government funding is complemented by individual contributions, with the amount an older person pays depending on their financial circumstances.