Financial information on Australia’s government-funded vocational education and training (VET) system for 2014 shows operating revenues increased 1.7% to $8.653 billion compared with 2013.
Released by the National Centre for Vocational Education Research (NCVER), Financial information 2014, gives an account of the financing of the government-funded VET sector and its financial performance and position. 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.
Comparing financial information for 2014 with 2013 shows:
- revenue from the Australian Government increased by $571.6 million, up 22.3%
- revenue from state and territory governments decreased by $318.5 million, down 7.9%
Total operating expenditures decreased $415.8 million (5.2%) to $7.578 billion in 2014 compared with 2013.
Australian vocational education and training statistics: Financial information 2014 also includes trends for operating revenues and expenditures, operating expenditure activities, assets and liabilities. State and territory breakdowns are also included in this publication.
Copies of Australian vocational education and training statistics: Financial information 2014 are available from www.ncver.edu.au/publications/2851.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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