This Budget continues the Education Revolution. The Government is investing in education and training to help boost the recovery. This effort builds on long‑term reforms aimed at improving the quality and delivery of education within Australia.
A Compact with Young Australians
The Government's $277 million Compact with Young Australians will guarantee training places for every young person under 25 who wishes to upskill and ensure young people participate full‑time in study, training or employment, until age 17. It will also bring forward from 2020 to 2015 the commitment in the National Education Agreement that 90 per cent of young Australians attain Year 12 or equivalent qualifications.
Improving schools and training
New national funding agreements between the Commonwealth and the States will lead to increased flexibility,
accountability and transparency for the schooling and vocational education and training sectors. In addition, schools will benefit from new National Partnerships including:
Building the Education Revolution
As part of the Nation Building and Jobs Plan's Building the Education Revolution, the Government will also make a long‑term investment of $14.7 billion in Australian schools to:
Commonwealth education expenditure excluding student assistance (in 2008‑09 dollars)