The ABC and SBS will lose a combined $43.5 million in funding over four years and the ABC’s contract for the pan-Asian Australia Network is being terminated.
Screen Australia will incur a $25.1 million funding cut: $5.2 million in 2014-2015 and $5.3 million, $7.3 million and $7.3 million in the ensuing years. This may affect programs such as the revamped Enterprise Industry scheme, whose annual allocation depended on the Budget.
In the financial year ending June 30 the agency received $100.8 million. The government will achieve savings of $87.1 million over four years by reducing funding to arts programs administered by the Attorney-General’s Department, the Australia Council and Screen Australia. It said these savings would be redirected to “repair the Budget and fund policy priorities.” (more…)