AusLeisure

Federal Treasurer Josh Frydenberg first budget has not only targeted at rebates for Australia’s low and middle income earners and an infrastructure spend of $100 billion over the next decade, but has also included funds for the arts, recreation, sport and tourism.

Following on from a series of pre-budget announcements, the budget includes an extra $393.7 million to strengthen communications, music, regional media and cultural institutions.

Key announcements in this funding includes the previously announced $30.9 million for Australia’s music industry, $22.0 million in new funding to the Bundanon Trust over the next three years to deliver its masterplan development, $10 million over four years to establish the National Library of Australia’s (NLA’s) Digitisation Fund and $1.5 million in 2019-20 to deliver a world-class art installation in southern Tasmania to promote tourism in the region after the impact of the 2019 bushfires. This is in addition to the $500,000 committed by the Tasmanian Government for the project.

In sport, the budget includes a $385.4 million package to implement Sport 2030 - Australia’s first national sports plan, that funds sport in communities and schools and supports elite athletes before, during and after their careers. The budget also provides an additional $54 million over the next two years for high performance Australian sport.

In tourism the budget has included a small rise of $5 million for Tourism Australia - to $175 million a year - to back international marketing to attract overseas tourists as well as $50 million funding for a ‘Tourism Icons Package’, to back a small number of flagship attractions in regional Australia.

Details of these announcements and industry reaction will follow.

Click here to view Budget Statements by Portfolio.

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