Live: 'Staring failure in the face': Australian sport's $2 billion black hole

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Live: 'Staring failure in the face': Australian sport's $2 billion black hole
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Australian sport is about to embark on its most critical decade, but unless a $2 billion budget shortfall is met, Australian athletes will struggle to win the medals that will inspire a generation.

Half of Australia's population is involved in sport in some way — through junior, senior, disability, Indigenous, community and schools' programs.

"But simply successfully hosting the Brisbane Games is not going to deliver the positive outcomes that can be achieved, the generational legacy benefits for the nation. While critics argue a cash-strapped government — staring at a $1 trillion deficit — has other priorities needing urgent attention, the sports sector refers to a KPMG analysis that found for every $1 spent on sport, the economy receives a $7 return.

Meanwhile, at a grassroots and community level, sport also helps address national concerns, including obesity, mental health and social inclusion. "We do not enjoy being the portfolio of coloured spreadsheets or whiteboards mapping electorates," he said.

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