2023 budget delivers 5 year funding cycle for public broadcasters as Albanese Government promises to ‘safeguard democracy’
Last night’s 2023 federal budget had little in store for Australia’s media and marketing sector, however the Government did bolster its commitment to a diverse and sustainable media environment.
The Albanese Government delivered on its election promise of moving to five-year funding terms for the national broadcasters, though there was no significant boost to the annual funding, $1.1 billion allocated to the ABC annually, and $334.9 million for SBS.
