Description

This publication presents information on government funding for VET in Australia and reports on:

  • governments’ contributions to VET and funding allocations across states and territories
  • VET funding by VET activities and funding distributions across training or student characteristics
  • the value of public VET assets of property, plant and equipment.

Government provisions for VET loans are presented separately in this publication.

Highlights:

In 2018, government funding provided through VET appropriations and VET intergovernmental funding arrangements totalled $6.1 billion, a decrease in nominal terms of $134.6 million (2.1%) compared to 2017.

This includes:

  • the Australian Government contributing $2.8 billion, a decrease of $325.8 million (10.6%)
  • state and territory governments contributing $3.4 billion, an increase of $191.3 million (6.0%).

In 2018, compared with 2017, the Australian Government also provided:

  • $297.3 million for VET Student Loans (including grandfathered VET FEE-HELP loans), a decrease of $204.9 million (40.8%)
  • $212.2 million for Trade Support Loans, an increase of $25.9 million (13.9%).

In 2018, VET funds distributed totalled $6.1 billion, an increase in nominal terms of $33.8 million (0.6%) compared to 2017.

In 2018 compared with 2017, funds distributed across VET activities were:

  • $4.7 billion for direct VET delivery, an increase of $17.9 million (0.4%)
  • $600.3 million for employer assistance to engage in VET, a decrease of $16.8 million (2.7%)
  • $122.7 million for student assistance for equipment, travel and other costs, an increase of $48.0 million (64.2%)
  • $682.5 million for system administration, governance and capital investment, a decrease of $15.3 million (2.2%).

 

 

Publication Details
Publication Year:
2019