ASIO has its funding cut

The federal government has announced a $15 million funding cut for the Australian Security Intelligence Organisation.

The federal government has cut funding for the Australian Security Intelligence Organisation. (AAP)

The Turnbull government has cut funding for ASIO by almost $15 million.

Despite being the lead security agency responsible for dealing with Australians who have joined IS, the federal government announced on Tuesday that ASIO's funding would be cut to $519 million in 2016-17.