The Labor Government has pledged $1bn for mental health funding, with $16.5m expected to be spent next financial year. This investment aims to enhance access to mental health care for young Australians.

This month, Prime Minister Anthony Albanese announced a significant investment in mental health services totaling $1bn. The funding aims to support the establishment of new Medicare mental health centres and enhance existing services. Although only $16.5m is allocated for next year, the bulk of the funds will be utilized in the subsequent years for building and upgrading services. Health advocates have praised this move as vital for addressing mental health needs in Australia.