It appears that private schools are rapidly morphing into public schools, given the large amount of public funding they receive, according to a new report published by The ABC. That is, if a private school is defined by who pays, then they are rapidly becoming public:
Average figures tell us Catholic school students receive 84 cents for every taxpayer dollar spent on public school students and independent school students receive 69 cents…
The full text of this article is available to MacroBusiness subscribers
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
