Budget 2018
Budget 2018 invests over $3.8 billion in operating funding, and approximately $395 million of capital funding for new assets over the next 4 financial years in education
Summary of the Budget 2018 Education Package
Figures are 4 Year Totals from 2018-2019.
Budget 2018 | Vote Education | Vote Tertiary Education | Student Support Votes 1 | Total across all Votes |
---|---|---|---|---|
New operating funding | ||||
Cost pressures 2 | 1,163.743 | 1,163.743 | ||
Learning Support initiatives 3 | 283.809 | 283.809 | ||
100-Day Commitments: Making Tertiary Education More Affordable | 1,703.447 | 524.732 | 2,228.179 | |
Total new operational funding | 1,572.971 4 | 1,703.797 | 524.732 | 3,801.500 |
Total funding identified for reprioritisation | (33.840) | (89.450) | (123.290) | |
Net new operational funding | 1,539.131 | 1,614.347 | 524.732 | 3,678.210 |
New capital funding | ||||
Property | 394.362 | 394.362 | ||
Other | 0.550 | 0.550 | ||
Total new capital funding | 394.912 | 394.912 | ||
Student loan expenses | (429.295) | (429.295) |
Further information
Education Budget 2018 highlights
Vote Education Summary of Initiatives 2018
Vote Tertiary Education Summary of Initiatives 2018
Budget 2018 Information release
1 Votes Social Development, Social Housing and Revenue fund student loans and student support for tertiary students.
2 Cost Pressures refers to early Childhood Education and Schooling – Meeting Increasing Demand, as well as Schooling and ECE Cost Adjustments.
3 Includes ESOL and excludes forecast changes component for Learning Support.
4 A further $2.3 million for home-based ECE has been set aside that will be released following the completion of the Review of Home-based ECE.
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