Pyne's paper shows weight in proctors' pockets
The Federal Government has released a report on the financial situation of the country’s universities.
Figures are up in a number of areas, showing Australia’s university network is currently in pretty good financial health.
The Government’s Finance 2012: Financial Reports of Higher Education Providers report was released by Education Minister Christopher Pyne.
The report shows revenue for the sector including vocational education and training operations of dual sector providers increased from $23.7 billion in 2011 to $25.2 billion in 2012 — up about 6.6 per cent.
Australian Government funding, including loans to students, increased 10.2 per cent to $14.6 billion in 2012.
The operating surplus of Australia’s 39 universities — including vocational education and training operations of dual sector providers — came to $1.93 billion in 2012, a slight decrease from the 2011 result of $1.94 billion.
The adjusted operating surplus of the same 39 universities totalled $1.16 billion in 2012, an increase of 7.4 per cent from the 2011 result of $1.08 billion.