2022–23 October Budget

The Budget October 2022–23 invests in better education for all Australians, in early education and care, schools and universities.

The Budget provides record funding for early childhood education and care, through the Government’s $4.5* billion Plan for Cheaper Child Care. It also invests in measures that open the door of opportunity wider for Australians from all backgrounds.

On this page:

Early Childhood

  • $4.5 billion to increase Child Care Subsidy (CCS) rates from July 2023, protect the CCS against fraud and non-compliance, and provide a base level of 36 hours of subsidised early education and care per fortnight for First Nations children.
  • $10.8 million to fund an Australian Competition and Consumer Commission inquiry into early childhood education and care prices.
  • $10.2 million to establish a partnership between Australian governments and First Nations representatives to develop community-led policies and programs.


  • $10.5 million for a new Youth Engagement Model including the establishment of an Office for Youth, ongoing funding for Australia’s national youth peak – the Australian Youth Affairs Coalition, issue-based youth advisory groups and the development of a Youth Engagement Strategy.


  • $270.8 million over two years to upgrade school infrastructure.
  • $56.2 million for bursaries to attract more high-achievers into teaching.
  • $68.3 million to expand the High Achieving Teachers (HAT) program.
  • $27.6 million for other measures to tackle teacher shortages and better prepare student teachers for the classroom.
  • $203.7 million to help improve the mental health and wellbeing of students after COVID.
  • $83.5 million to support schools to provide evidence-based, age-appropriate respectful relationships education developed by experts implementing a recommendation of the Respect@Work Report.
  • $14.1 million to a plan to teach First Nations languages in primary schools.

Higher Education

  • $485.5 million over the forward estimates to provide up to 20,000 additional university places. 
  • $2.7 million to develop the Australian Universities Accord.
  • $15.4 million in a Startup Year program to help university students turn their ideas into reality.
  • A saving of $144.1 million by ending the 10% discount given to students who make an upfront payment to their HECS-HELP loans.


* This figure is the net cost of the measures in the Cheaper Child Care Bill. The Budget Papers refer to an investment of $4.7 billion, which includes all new spending measures on early education and care. It does not include savings from measures to increase integrity.