VET government funding records slight increase

17 December, 2024

New data has revealed that government expenditure on Vocational Education and Training (VET) increased by 0.1% to $10.9 billion in 2023 91¹ÙÍø.

The Government Funding of VET 2023 91¹ÙÍø report, released by the National Centre for Vocational Education Research (NCVER), found the largest increase in expenditure was on training delivery, which rose by $652.6 million (11.9%) to a total of $6.1 billion.

This extra spending was partially offset by a reduction in employer incentives, which decreased by $745.8 million (18.6%) to a total of $3.3 billion.

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