Budget 2021
Budget 2021 invests approximately $1.9 billion in operating funding, and approximately $760 million of capital funding for new assets over the next 4 financial years in education
Summary of the Budget 2021 Education Package
Figures are 4 Year Totals from 2020/21.
Budget 2021 | Vote Education ($m) | Vote Tertiary Education ($m) | Total Across Votes ($m) |
---|---|---|---|
New Operating Funding | 433.815 | - | 433.815 |
Cost Pressures | 998.088 | 455.929 | 1,454.017 |
Cross-Agency | 1.000 | 10.378 | 11.378 |
Total New Operating Funding | 1,432.903 | 466.307 | 1,899.210 |
New Capital Funding | 60.490 | - | 60.490 |
Cost Pressures | 686.332 | 13.850 | 700.182 |
Cross-Agency | - | - | - |
Total New Capital Funding | 746.822 | 13.850 | 760.672 |
Additional Reprioritised Funding | 25.533 | 4.197 | 29.730 |
Further information
Education Budget 2021 highlights
Vote Education Summary of Initiatives 2021
Vote Tertiary Education Summary of Initiatives 2021
Budget 2021 – Treasury website(external link)
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