Smartest investment in our future

Smartest Investment

The Federal Government has cut $3.8 billion out of the sector since late last year – including $2.8 billion to fund the Gonski school reform, said acting Vice-Chancellor Pauline Nugent.

The strongest nations in our region are investing in their best resource – their minds – by driving skills, science and research at universities; Australia must do the same.

Universities have the ability to transform our economy and secure our future. Although we’ve less than 0.3 per cent of the world’s population we account for more than 3 per cent of the world’s scientific research.

Australian institutions have produced 12 Nobel Prize winners and every day over one billion people around the world rely on Australian discoveries to make their lives, and the lives of others, better.

At around $15 billion each year, international education is Australia’s largest export earner after resources.
Its universities attract more than one million students, employ more than 100,000 staff and directly contribute $22 billion to our GDP (1.6 per cent). University graduates have been worth more than $170 billion to our economy annually.

Yet our public investment in the university sector is 25th of 29 advanced economies.

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