The Australian Government today publishes the 2019 Financial Report for Higher Education providers.
The report contains the most recent data about the financial state of Australian universities:
- In 2019 Australian universities had total revenue of more than $36.5 billion, an increase of $2.8 billion, or 8.2 per cent, on 2018.
- The Commonwealth Government provided $17.8 billion in funding, an increase of $200 million, or 0.9 per cent, on 2018.
- Universities reported a net operating result after expenses of $2.3 billion, an increase of $800 million, or 0.6 per cent, on 2018.
- Universities had $90.4 billion in assets as at 31 December 2019, an increase of $7.6 billion, or 9.2 per cent, on 2018.
- Total expenses of $34.2 billion were reported across the sector in 2019, an increase of $2 billion, or 6.1 per cent, on 2018.
- Australian universities spent $19.2 billion on staff costs, an increase of $1.1 billion, or 5.9 per cent, on 2018. This amount includes $9.1 billion on non-academic staff costs, an increase of $500 million, or 6.1 per cent, on 2018.
- Universities spent $300 million on advertising, marketing and promotion expenses, a decrease of $5.3 million, or 1.6 per cent, on 2018.
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