THIS PUBLICATION HAS BEEN SUPERSEDED.
For the most recent release please see the VET funding collection page.
Description
This publication provides information on the flow of government funding for vocational education and training (VET) in Australia. The publication is based on 2021 data provided by the Australian, state and territory government departments responsible for administering funds for Australia’s VET system.
Highlights
Government funding
In 2021, government funding provided through VET appropriations and VET intergovernmental funding arrangements totalled $10.5 billion, an increase in nominal terms of $2.8 billion (37.0%) from 2020.
- the Australian Government provided $6.3 billion, an increase of $2.5 billion (64.3%)
- state and territory governments provided $4.2 billion, an increase of $379.9 million (9.9%).
In addition, the Australian Government provided:
- $257.4 million for VET Student Loans, a decrease of $15.5 million (5.7%)
- $199.7 million for Trade Support Loans, an increase of $0.4 million (0.2%).
Funding distributions
In 2021, VET funding distributed totalled $10.4 billion, an increase in nominal terms of $2.9 billion (38.6%) from 2020.
Expenditure across VET activities included:
- $5.4 billion for direct VET delivery, an increase of $372.6 million (7.4%) from 2020
- $3.7 billion for employer assistance to engage in VET, an increase of $2.3 billion (155.7%)
- $125.5 million for student assistance for equipment, travel and other costs, an increase of $6.3 million (5.2%)
- $469.5 million for capital investment, an increase of $145.8 million (45.1%)
- $694.6 million for system administration and governance, an increase of $117.4 million (20.3%).
Report
Governments' contributions and allocations
Funding activities and distributions (excluding loan values)
VET Student Loans activity
Public VET assets of property, plant and equipment
For tabulated data refer to Government funding of VET 2021: data tables.
© Commonwealth of Australia, 2022
For details and exceptions visit the NCVER Portal.
This document should be attributed as NCVER 2022, Government funding of VET 2021, NCVER, Adelaide.
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.
The views and opinions expressed in this document are those of NCVER and do not necessarily reflect the views of the Australian Government or state and territory governments.
| ISSN | 2653-6242 |
| TD/TNC | 149.10 |
Published by NCVER, ABN 87 007 967 311
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| TITLE | FORMAT | SIZE | |
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| Terms and definitions | 304.0 KB | Download | |
| Terms and definitions | .docx | 64.1 KB | Download |
| Jurisdictional asset accounting policies | 274.3 KB | Download | |
| Jurisdictional asset accounting policies | .docx | 62.9 KB | Download |
| Explanatory notes | 305.0 KB | Download | |
| Explanatory notes | .docx | 73.4 KB | Download |
Data
Note: This data item has been superseded. Data tables showed the flow and distribution of government… Show more
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