Corrupted universities demand another $1b from federal government

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Late last year, the Morrison Government announced that it would give Australia’s universities an additional $1 billion of research funding, taking total federal spending on research for 2021 to $3 billion.

Under the plan, Melbourne University will receive an additional $111 million in research funding, while the University of New South Wales and Monash University the will each get an extra $100 million, and Adelaide University $42 million.

Education Minister Dan Teehan touted that the extra funding will help protect thousands of researchers’ jobs and directly support over 40,000 PhD and Masters students in 2021.

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About the author
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.