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 2021Vote 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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