Federal Government to Provide Extra $25 Billion to Fund Public Hospitals

The new overall deal provides $219.6 billion over five years.

Prime Minister Anthony Albanese speaks at the Australian of the Year reception at The Lodge in Canberra, Australia on Jan. 25, 2026. Hilary Wardhaugh/Getty Images

Prime Minister Anthony Albanese has struck a long-awaited deal with the states and territories, committing an additional $25 billion for public hospitals in a bid to end months of protracted negotiations over funding.

The agreement was finalised at a national cabinet meeting in Sydney on Jan. 30.