Financial information on Australia’s government-funded vocational education and training (VET) system for 2015 shows operating revenues increased 13.6% to $9812.4 million compared with 2014.
Released by the National Centre for Vocational Education Research (NCVER), Financial information 2015, gives an account of the financing of the government-funded VET sector. Government-funded VET is broadly defined as all activity delivered by government providers and government-funded activity delivered by community education providers and private training providers.
When comparing 2015 with 2014, revenue from the Australian Government increased by $1446.0 million (46.2%); revenue from state and territory governments decreased by $358.5 million (9.7%); and revenue from fee-for-service activities decreased by $22.3 million (1.9%).
Total operating expenditures decreased $433.5 million (5.7%) to $7143.3 million in 2015 compared with 2014.
Australian vocational education and training statistics: Financial information 2015 also includes trends for operating revenues and expenditures, operating expenditure activities, assets and liabilities. State and territory breakdowns are also included in this publication.
Australian vocational education and training statistics: Financial information 2015 is available from www.ncver.edu.au/publications/2899.html
This work has been produced by NCVER on behalf of the Australian Government and state and territory governments, with funding provided through the Australian Department of Education and Training.
NCVER is the national custodian of data about Australia’s VET system. It is a not-for-profit, independent company owned by the Commonwealth, state and territory Ministers responsible for training.
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