Premier Ted Baillieu has defended his alternative plan for education funding, despite figures revealing Victoria is expected to reap four times as much funding for schools from the Gillard government's reforms.

''We believe that the funding reforms we have proposed are fairer, they are going to be more effective, more sustainable and they will focus on the issues that Gonski raised,'' Mr Baillieu said.

Ted Baillieu. Credit:Jesse Marlow

His comments followed revelations by Fairfax Media that Victoria would receive about $1.6 billion extra a year in combined state and federal funding by 2019 under the Gillard government's funding reforms - far more than the $400 million extra a year promised by Victoria.

''It isn't just about how much money gets attached, it's about what the results are. And we want Victorian schools to be in the top tier … and we have the proposals in place to do just that,'' Mr Baillieu said.