By browsing on our website, you are agreeing to our cookies policy.

 
 
Stretching for over 2,300 km, Great Barrier Reef is the world's largest coral reef system Stretching for over 2,300 km, Great Barrier Reef is the world's largest coral reef system

Australia’s Federal Budget Supports Tourism

Australia’s Federal Budget revealed the country’s government will spend millions to support its tourism sector.

This includes putting AUD45 million (USD33.98 million) into grants through its Building Better Regions Fund (BBRF), to help move tourists beyond major cities.

BBRF was formed to create jobs, drive economic growth and build stronger regional communities, and the new funds will go towards supporting projects and encouraging more regional location visits and expenditure.
Also, an additional AUD5.1 million (USD3.85 million) has been allocated to Tourism Australia both for leisure and business events, over the next four years.

Noting sustained demand for Australia’s tourism services is expected to continue, the government is investing more that AUD500 million (USD377.6 million) to secure the future of World Heritage-listeded Great Barrier Reef.

A budget overview notes the Reef supports 64,000 jobs and many small businesses in regional Australia and contributes AUD6.4 billion (USD4.83 billion) to the economy.

The AUD500 million will be used to improve water quality, combat crown-of-thorns starfish and conduct scientific research to protect the Reef and the jobs it supports.