The Productivity Commission has recommended a major overhaul of the Coalition’s $5bn Future Drought Fund to focus on programs that have a “lasting public benefit” even if that means fewer funding announcements.
The fund, established at the height of the 2019 drought, was designed to provide $100m in annual funding to build regional resilience and prepare farmers for drought. So far, it has spent $65m in 2020-21, $72m in 2021-22 and $92m in 2022-23.