Response to 2022-23 Federal Budget

Backing in Australia’s success

“Tonight’s budget recognises the pressures faced by ordinary Australians and strives toward a stronger, more productive economy in turbulent times,” said Universities Australia Chief Executive Catriona Jackson.

“Record low unemployment opens the way to wage growth but we need to back that in by lifting the nation’s productivity.”

“That’s why it’s good to see the budget invest in drivers of growth, balancing the need to grow the economy with fiscal discipline.”

“The university sector is pivotal to Australia’s productivity and central to a modern, future-proof economy.”

“Before the pandemic, universities contributed $41 billion to the economy – one of the largest of any single sector – and supported more than 250,000 jobs.”

“Universities help meet the increasing demand for highly skilled people and conduct the research that underpins Australia’s prosperity, competitiveness and security.”

“It’s fundamental that budget measures supercharge productivity, equip Australians with skills for their future and build the ideas driving new industries in an advanced economy.”

“The government has recognised the pressure of rising costs of living. We’re pleased to see the one-off $250 payment extend to all youth allowance, Austudy and ABSTUDY recipients – many of whom study at our universities.”

“We know that every dollar spent on university research returns $5 to the economy, so the Treasurer’s focus on supporting research commercialisation, with $988.2 million over five years from 2021-22, will deliver significant bang for buck.”

“We welcome the extra $11.3 million for the 80 new Commonwealth Supported Places, commencing from 2023-24, to deliver full medical school programs at new or existing rural training locations.”

“Universities have shown leadership in efforts to put a stop to sexual harassment and sexual assault, so we welcome the government’s further investment of $203.6 million over six years to continue efforts to stop sexual violence before it begins.”

“We need to lock in Australia’s enviable economic position and outlook to build resilience for our future. As a valuable national asset, our universities are ready to play their part.”

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