Output costs
The 2024–25 Department Performance Statement sets out the department’s outputs and funding. For the 2024–25 financial year, the department’s output budget totals $16.8 billion.
| The department’s objectives and outputs | 2024–25 ($ million) |
|---|---|
| Raise development outcomes of 3 and 4‑year old children prior to attending school |
|
| Kindergarten delivery | 1,081.4 |
| Early childhood sector supports and regulation | 637.5 |
| Raise learning, development, engagement and wellbeing outcomes for all Victorian students |
|
| School education – Primary | 5,207.1 |
| School education – Secondary | 4,433.5 |
| Wellbeing supports for students | 375.9 |
| Supports for schools and staff | 1,769.4 |
| Provide equitable and inclusive schooling to all Victorian students |
|
| Promoting equal access to education | 1,447.6 |
| Additional supports for students with disabilities | 1,855.1 |
| Total (5) | 16,807.5 |
(5) may not add due to rounding.
Operating performance
The department is expected to report an operating surplus of $551 million in 2024–25, compared with an expected operating surplus in 2023–24 of $505 million for the revised budget.
Balance sheet
The department’s net assets position is estimated to increase by $2.5 billion in 2024–25, compared with the 2023–24 revised budget, reflecting an increase in total assets of $2.6 billion.
Investing and finance
The department is anticipating an increase of $110 million in its net cash position in 2024–25, compared with the 2023–24 revised budget increase of $90 million.
Asset outlook and investment
The department manages a significant and growing asset portfolio to deliver effective education services for Victorians. The asset portfolio includes schools’ property, plant and equipment.
The department’s total assets are estimated to increase to $50 billion by 30 June 2025. More than $2.7 billion has been committed in 2024–25 for new and existing capital projects and $1.6 billion remaining expenditure committed for future capital works. Further financial detail on the department’s asset program is available in the 2024–25 State Budget Paper 4: State Capital Program.
Updated