Budget 2018: ABC funding frozen in $84 million hit to bottom line

The Government has announced it will freeze the ABC’s annual funding indexation for three years from July 2019, costing the organisation $84 million.

ABC Managing Director Michelle Guthrie said freezing the indexation amounted to cutting the broadcaster.

The budget papers say the freeze is being imposed to ensure the ABC continues to find back-office efficiencies.

But Ms Guthrie said the ABC could not absorb the cuts with extra efficiency measures as the Government proposed.

She rejected the Government’s proposed efficiency review as unnecessary.

More to come.

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