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 individual salary set at $37,500. About 460 athletes will represent Australia in Paris at the Summer Olympics that begin later this month, where the Aussies will aim to improve upon its 6th-place finish in the Tokyo…
