Each year, universities check the latest OECD Education at a Glance report to see how Australian tertiary spending compares with peer countries.
The good news is that every report since 2012 has shown our tertiary sector revenue growth outpacing the OECD average.
But this trend doesn’t feature in Australian commentary. Instead, the folklore goes, our public spending on tertiary institutions (university degrees and VET diplomas) ranks near the bottom of the OECD as a share of GDP; and this makes our universities among the lowest-funded in the OECD.
Some even say our total (public and private) spending on tertiary institutions has been flat since 2000, while rising elsewhere in the OECD.