The federal government has rebadged Labor’s Gonski plan as Students First and set aside $6.8 billion for 2013/14.

The Abbott government has set aside $6.8 billion for its rebadged Students First schools funding package in 2013/14.

The program, which will have an annual budget hit of $17 billion by 2016/17, replaces the Labor’s so-called Gonski plan.

The mid-year economic and fiscal outlook released on Tuesday restores $1.2 billion taken out of the plan by Labor and gives it to Queensland, Western Australia and the Northern Territory.

Total additional funding comes to $2.8 billion over the next four years.

The funding will largely come from a $986.5 million cut to trade training centres over five years, a $528.2 million cut to the Building Stronger Communities Fund over four years and not proceeding with Gonski “implementation funding” for non-government schools after 2017.