Indigenous Business Australia welcomes Budget funding

Indigenous Business Australia welcomes Budget funding

Posted 11 May 2006

The Chairman of Indigenous Business Australia (IBA), Mr Joseph Elu, has welcomed the commitment of $3.3 billion in funding to Indigenous Australians announced in the 2006-07 Budget.

Included in the package is $488 million for key areas like housing, education, health and leadership training as well as $48.1 million over four years to improve and expand the current network of remote community stores.

Another core component is a promised $107.4 million package over four years to develop home ownership opportunities on land that is Indigenous owned. This will be done under IBA’s Community Homes programme. A further capital injection of $20 million has been directed to IBA Homes and will allow an extra 140 Indigenous families in towns and cities to buy their own homes.

Read the Media Release in full (PDF 185KB, new window)