Government outlines Geoscience Australia funding
The Federal Government has announced it has committed to a total funding of $114 million to Geoscience Australia over the forwards estimates.
The Australian Government has committed to locking-in $34 million in 2013-14 and $40 million every year thereafter to fund a range of on-going activities at Geoscience Australia.
This includes $26 million per annum to Geoscience Australia for its pre-competitive data program to improve our knowledge of Australia’s resource base and open up opportunities for new resource projects.
A further $5 million increasing to $8 million in 2014-15 to enhance Geoscience Australia’s groundwater modelling capabilities to better assess the long term health of the Murray-Darling Basin and other regions.
An additional, $3 million increasing to $6 million in 2014-15 to Geoscience Australia’s natural disaster planning and response program, the Australian Tsunami Warning System, and to further understand Australia’s clean energy potential.