A bucket of new billions for medical research

The government is kicking $7.8bn in to the MRFF

Back in 2014 the Association of Australian Medical Research Institutes had an oped in the Fin comparing the then proposed Medical Research Future Fund to the Snowy Mountains Scheme as a nation builder. CMM wondered whether the MRFF would ever be built but (unlike Snowy 2.0) it’s nearly complete, with the government this week announcing it will transfer $7.8bn into the MRFF on July 23. This brings the fund to $17.5bn, not far short than the promised $20bn.

“This is the largest single investment made to Australian medical research. It’s fantastic to see the Government prioritising medical research & honouring their election promise,” an AAMRI person from Snowy River said yesterday.

The capital comes from health portfolio savings set out in the 2014-15 budget.


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