Government announces $147 million in education reward funding
The Federal Government has announced $47 million in reward funding under the National Partnership on Youth Attainment and Transitions.
Federal School Education Minister Peter Garrett announced the funding after a report released by the COAG Reform Council confirmed that most states and territories have made ‘excellent progress’ in reaching targets outlined by the partnership in increasing the number of young people attaining Year 12 or vocation education and training qualifications.
“The $46.7 million I announce today rewards those states and territories that have increased the number of young Australians participating in senior secondary education or VET.”
Mr Garrett said that due to the extra challenges the Northern Territory faces it did not achieve its target and therefore did not receive reward funding.
“Recognising the unique challenges in the Northern Territory we are investing $583 million over ten years as part of the Australian Government’s Stronger Futures package,” Mr Garrett said.
The Northern Territory’s unallocated reward funding will be made available for achievement of its 2012 attainment target.
For more information on the National Partnership and state and territory implementation plans and targets visit http://www.deewr.gov.au/youth/youthattainmentandtransitions/pages/nationalpartnership.aspx