This publication provides information on how government-funded vocational education and training (VET) in Australia is financed and where the money is spent. The publication is based on 2015 data provided by the Australian, state and territory government departments responsible for administering public funds for Australia's VET system.
This publication provides information on how government-funded vocational education and training (VET) in Australia is financed and where the money is spent. Government–funded VET in the 2015 reporting year is broadly defined as all activity delivered by government providers and government-funded activity delivered by community education providers and other registered providers.
- operating revenues for the government–funded VET system were $9812.4 million, an increase in nominal terms of $1173.9 million (13.6%) from 2014
- revenue from the Australian Government increased by $1446.0 million (46.2%) from 2014
- revenue from state and territory governments decreased by $358.5 million (9.7%) from 2014
- revenue from fee-for-service activities decreased by $22.3 million (1.9%) from 2014
- total operating expenditures were $7143.3 million, a decrease of $433.5 million (5.7%) from 2014.
The Standard for VET Financial Data offers a nationally consistent standard for the collection, repo… Show more