Scott Morrison-era ‘accounting tricks’ to cost public schools $13bn over next five years

National School Resourcing Board’s review finds state schools lost more than $2bn in 2022 due to a Coalition-era loopholeGet our morning and afternoon news emails, free app or daily news podcastAustralia’s public schools will miss out on $13bn in the next five years if accounting tricks are maintained in upcoming funding agreements, a major report has found.The National School Resourcing Board’s (NSRB) annual review, tabled in parliament last week, showed government schools lost more than $2bn in 2022 because of a Morrison-era loophole that allows states and territories to claim up to 4% of public school funding on non-school expenditures.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...

Apr 9, 2024 - 21:30
 0  4
Scott Morrison-era ‘accounting tricks’ to cost public schools $13bn over next five years

National School Resourcing Board’s review finds state schools lost more than $2bn in 2022 due to a Coalition-era loophole

Australia’s public schools will miss out on $13bn in the next five years if accounting tricks are maintained in upcoming funding agreements, a major report has found.

The National School Resourcing Board’s (NSRB) annual review, tabled in parliament last week, showed government schools lost more than $2bn in 2022 because of a Morrison-era loophole that allows states and territories to claim up to 4% of public school funding on non-school expenditures.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...

usnews US News is a reputable author that delivers a comprehensive range of up-to-date news to the United States and beyond. With a keen focus on providing the latest information across various fields, US News keeps readers informed about the most significant developments happening both domestically and globally. Whether it's politics, economics, technology, science, health, or culture, this author strives to cover diverse topics, ensuring a well-rounded news experience. By combining extensive research, journalistic integrity, and a commitment to accuracy, US News offers readers an invaluable resource to stay informed and make informed decisions in an ever-changing world.