The Morrison Government’s record funding will continue to flow to every school in Victoria.
The Victorian Government’s decision to settle a bilateral agreement with the Federal Government unlocks record funding for Victorian schools and places a focus on delivering better educational outcomes for all students.
Minister for Education Dan Tehan said the agreement gives Victorian families, students and teachers the funding certainty they need.
"The Australian Government’s commitment to Victoria was always clear – funding for all schools would grow from $4.7 billion in 2018, to $6.6 billion in 2023 and $8.7 billion in 2029," Mr Tehan said.
"This is an average per student increase of 5.3 per cent each year over 2018 to 2023, including an average 6.7 per cent per student increase for Victorian government schools."
The bilateral agreement binds Victoria to lift funding for its government schools.
"This will be welcome news as the Victorian Government is the lowest funder of government schools on a per student basis in the country.
"Victoria was the last state to sign up to a bilateral agreement, but securing their commitment finally puts the interests of students first.
"It sets out what Victoria will do to lift the educational outcomes of their students – how they will use the record funding being delivered to give their students the best possible opportunities and equip their teachers with the right tools and support."
The Morrison Government has committed a record $80 billion in funding to all Victorian schools from 2018 to 2029.
"We will now work with our Victorian counterparts to ensure our record funding will have the greatest improvement on student results," Mr Tehan said.
The agreement can be found at www.education.gov.au/national-school-reform-agreement