The National Centre for Vocational Education Research (NCVER) has released 2012 financial information on the operating revenues and expenditures for the public vocational education and training (VET) system.
Operating revenues for the public VET system in 2012 were $8.429 billion, an increase of $473.6 million (6%) compared to 2011.
Comparing financial information for 2012 with 2011 shows:
- State and Territory Government revenues increased by $361.4 million (9.1%)
- Australian Government revenues increased by $27.8 million (1.2%)
- Fee-for-service revenue increased by $64.9 million (6%)
- Operating expenditures were $8.303 billion, an increase of $399.3 million (5.1%).
Australian vocational education and training statistics: Financial information 2012 also includes trends for operating revenues and expenditures, operating expenditures by activities, assets and liabilities. State and territory breakdowns are also included in the publication.
Copies of Australian vocational education and training statistics: Financial information 2012 are available from: www.ncver.edu.au/publications/2664.html
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