Budget 2018

Budget 2018 invests over $3.8 billion in operating funding, and approximately $395 million of capital funding for new assets over the next 4 financial years in education.

Summary of the Budget 2018 Education Package – Figures are 4 Year Totals from 2018/19

Budget 2018Vote EducationVote Tertiary EducationStudent Support Votes 1Total across all Votes
New operating funding    
Cost pressures 2 1,163.743     1,163.743
Learning Support initiatives 3 283.809     283.809
100-Day Commitments: Making Tertiary Education More Affordable   1,703.447 524.732 2,228.179
Total new operational funding 1,572.971 4 1,703.797 524.732 3,801.500
Total funding identified for reprioritisation (33.840) (89.450)   (123.290)
Net new operational funding 1,539.131 1,614.347 524.732 3,678.210
New capital funding    
Property 394.362     394.362
Other 0.550     0.550
Total new capital funding 394.912     394.912
Student loan expenses     (429.295) (429.295)

1 Votes Social Development, Social Housing and Revenue fund student loans and student support for tertiary students.
2 Cost Pressures refers to early Childhood Education and Schooling – Meeting Increasing Demand, as well as Schooling and ECE Cost Adjustments.
3 Includes ESOL and excludes forecast changes component for Learning Support.
4 A further $2.3 million for home-based ECE has been set aside that will be released following the completion of the Review of Home-based ECE.

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