Budget 2011
Budget 2011 continues the Government’s commitment to a high performing tertiary education system in a way that acknowledges the challenges of the current economic climate and anticipated resource needs to support the Christchurch rebuild.
The focus of Budget 2010 was on creating a more streamlined, simplified funding system and shifting investment from low-performing, low-demand training and education into areas of greater value and demand for students, industry and the economy.
Budget 2011 balances the need to provide a greater number of places in areas of high demand with supporting providers to meet costs. The Budget continues the Government’s focus on getting the best value from the spending in tertiary education by identifying savings from changes in industry training, aviation, and student support funding. A new, expanded Youth Guarantee programme will provide up to 7,500 places from 2012.
A significant contingency fund will support the training needs associated with the rebuild in Christchurch, allowing for up to 1500 additional trades training places if required, as part of the wider Skills for Canterbury package.
The initiatives in Budget 2011 will help to keep our tertiary education system internationally competitive and set clear incentives for both students and organisations to continue their drive for excellence.
Additional information on the Beehive website
Treasury information
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Last changed:
20 May 2011