2022-23 Australian Federal Budget: Workforce Development Initiatives

Grants Office

2022-23 Australian Federal Budget

In our last article we explored some of the major grant programs we think will be in 2023 and onwards, as well as some of the programs which have been discontinued by the Albanese government. Whilst the new budget appears to be cutting back on some programs, new initiatives have emerged in key areas such as education and workforce development.

Thus, look further to check out some of the new long-term initiatives the Labor government has announced to allow Australia better access to training and skills. As a result of the Government’s Jobs and Skills Summit held in 2022, a total of 36 actions have been agreed upon for immediate implementation. This includes subsidy schemes and bonuses for several groups in Australia wishing to study or further improve their skills to address the current labor market shortage.