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ABC News

Business

Sam Nichols for The Money

Billions in extra aged care funding welcomed, but is it enough to save sector from financial instability?

Covid-19 Australia

The latest federal budget will provide more than $5 billion of additional funding to aged care. But is it enough to save the sector? (Reuters: Kai Pfaffenbach)

Australia's aged care sector has received a lifeline from the federal government, with this year's budget confirming more funding.

Under the changes, aged care will receive $36.03 billion for 2023-24, an increase of $5.06 billion compared to the previous year.

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