Australia Announces $489 Million (AUD) Investment in Olympic/Paralympic Sports Over Two Years ...Middle East

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Australia Announces $489 Million (AUD) Investment in Olympic/Paralympic Sports Over Two Years
By Riley Overend on SwimSwam Australian prime minister Anthony Albanese announced a $489 million AUD ($330 million USD) funding package for the nation’s Olympic athletes over the next two years. Elite Australian athletes will receive a record $283 million AUD dedicated to direct support, training, and travel-related expenses — a 50% increase from their 2021-22 total. Paralympic sports are in line for an additional $54.9 million, doubling the previous investment. There will also be an extra $17.6 million set aside for direct athlete funding. This year’s direct athlete support system saw $16.6 million funneled through 850 Australian athletes in Olympic sports from 2023-24, with the maximum ind

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