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.
The Government Funding of VET 2023 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.
You can read the entire NCVER report here.
