/ 28 June 2024

A record-breaking funding boost

Ariarne Titmus of Australia celebrates after the women's 200m freestyle final at the Tokyo 2020 Olympic Games in Tokyo, Japan, July 28, 2021. (Photo by Xu Chang/Xinhua via Getty Images)
Ariarne Titmus of Australia celebrates after the women's 200m freestyle final at the Tokyo 2020 Olympic Games in Tokyo, Japan, July 28, 2021. (Photo by Xu Chang/Xinhua via Getty Images)

With just a few weeks until the Paris Olympics begin, the federal government has caught gold-medal fever – announcing a record breaking funding package for sports and elite athletes. PM Anthony Albanese and Sports Minister Anika Wells are set to unveil details of the $489 million package today, which aims to help cash-strapped sports and athletes struggling with high travel costs, coaching and support ahead of the Brisbane games in 2032. It’ll be made up of a $283 million boost for high-performance sports over the next 2 years, and the government will also double its previous investment in paralympic sports and athletes. Athletes are also in line for $17.6 million in additional direct funding to help with travel and competition costs. Albanese said the nation is “so proud” of our athletes heading to Paris. “And my government is backing Aussie athletes with record funding,” he said.

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