Fully funded reform
Locking in future funding
The new funding arrangements put in place a steady and generous funding stream, to safeguard the funding of Australian schools into the future.
Robust funding stream
To ensure that the National Plan for School Improvement will be fully funded, the Government has needed to make tough decisions — redirecting savings from higher education, self-education tax deductions and business taxation; and better targeting family payments.
In addition, a range of national partnerships for education will be ceased (or not renewed) and funding will be redirected to the National Plan for School Improvement. As well as helping pay for this historic reform, these saving decisions will also will help improve the position of the budget in the next few years.