The 2021 federal budget just handed down is one of the biggest spending budgets in Australia’s history, as it should be. The global pandemic economic shock is not yet over, and spending on infrastructure, vocational education, child and aged care, and mental health will help much of Australia get back on its feet. But while the university sector is grateful for the funding we have, approximately $10bn for higher education over 2021-22, this is not new money and there’s been no increase to research block grants. There is nothing of note for our universities, except for $1.1m to support industry PhDs and additional flexibility for student visa holders when it comes to working hours. This is not only a real shame but a missed opportunity; universities are vital to our future prosperity.
