Below trend growth to continue
Our panel of economists break down the impacts of the 2013 Federal Budget for education headlined by the increase in school funding as well as increased funding for early childhood development. Find out what all the key initiatives are.
As expected, changes in the education sector were headlined by the increase in school funding under the National Plan for School Improvement. The Government also increased funding for early childhood development as well as their support to boost the number of Commonwealth supported university places.
Recognising the importance of research and development to support continued economic growth, additional funding has also been provided to programs supporting Australia’s research effort.
While there’s a net increase in resources going to education, there were significant savings measures, including from the university sector and the ending of some school programs.
For further analysis download the fact sheet.
Our team of leading economists, tax and superannuation experts will continue to unpack the Federal Budget 2013 to help you understand what it means. Visit all the latest articles, fact sheets and video commentary – 2013 Federal Budget – Business Research and Insights.
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