Australia’s prospects of striking Olympic and Paralympic gold at Brisbane 2032 have been given a healthy boost with the nation’s biggest-ever investment in high-performance sport. The country’s elite athletes, coaches and support staff will receive an additional $283 million in funding over the next two years, the federal government announced on Friday.
While the extra funding will be too late to make an impact in the French capital, it is aimed at increasing Australia’s competitiveness ahead of the 2032 Olympics on home soil in Brisbane. In the May budget, $250 million was set aside to revitalise the crumbling Australian Institute of Sport in Canberra. “We have said many times that a successful home games needs a successful home team, so this injection of funds at this time is fundamentally important to that outcome,” Chesterman said.
Source: News Formal (newsformal.com)
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