The Australian and state and territory governments spent $10.4 billion on vocational education and training (VET) in 2021, according to the latest statistical report from the National Centre for Vocational Education Research (NCVER)
Government funding of VET 2021 shows that government expenditure on VET increased by $2.9 billion or 38.6% from 2020.
“The largest increase in expenditure was on employer assistance, particularly temporary COVID-19 pandemic wage subsidies for apprentices and trainees under the Australian government’s Australian Apprenticeships Incentives Program. Employer assistance totalled $3.7 billion in 2021, up by 155.7% when compared to 2020,” explained NCVER Managing Director Simon Walker.
Funding for training, support and assistance of apprentices and trainees increased to $4.7 billion in 2021, up by 108.1% compared to 2020. Funding for training, support and assistance of non-apprentices totalled $2.5 billion in 2021, an increase of 15.5% compared to the previous year.
Download
Government funding of VET 2021 publication
Government funding of VET 2021 data tables
Background:
Government funding of VET 2021 provides an insight into the flow of funding into the public VET sector, what is funded, and how it is distributed. Information is derived from the National VET Funding Collection, which was introduced in 2017 to replace the National VET Finance Collection.
Data are sourced from financial and training records held by the Australian Government Department of Employment and Workplace Relations, and state and territory departments responsible for VET.
Enquiries: Mariane Umali M: 0406 824 184 E: marianeumali@ncver.edu.au
About NCVER: we are the main provider of research, statistics and data on Australia’s VET sector. Our services help promote better understanding of VET and assist policy makers, practitioners, industry, training providers, and students to make informed decisions.
This work has been produced by NCVER on behalf of the Australian Government and state and territory governments, with funding provided through the Australian Government Department of Employment and Workplace Relations.