Canberra, Jan. 30 -- Australia's federal, state and territory governments on Friday reached an agreement on a landmark five-year funding deal for the nation's public hospitals.

Prime Minister Anthony Albanese announced that the federal government will spend a record 219.6 billion Australian dollars (153.8 billion U.S. dollars) funding public hospitals and health services under a new five-year agreement that will come into eff ect from July.

Speaking alongside the state and territory leaders after meeting on Friday morning, Albanese said that the figure includes an additional 25 billion AUD (17.5 billion USD) in funding from the federal government compared to the previous five-year agreement.

"This agreement represents one of the most sig...