Budget 2016 includes an investment of $256.5 million over four years in tertiary education.
The tertiary education package for Budget 2016 focuses on ensuring the tertiary education system helps New Zealanders. It’s important that people have the opportunity to develop the skills they need to thrive in a successful and innovative New Zealand.
Through Budget 2016, the Government is investing $486 million over four years in science and innovation, and tertiary education initiatives that form an ‘Innovative New Zealand’ package. This package will help achieve a more diversified high-wage economy and ensure investment and growth through regional development initiatives.
The Government continues to focus investment on subjects and disciplines that are experiencing high employer demand. We need more skilled people in disciplines like science, engineering, and agriculture if we are going to continue to grow our economy.
For more detailed information on the 2016 Budget, view the Minister of Tertiary Education, Skills and Employment’s media release, or you can visit the Ministry of Education website.
26 May 2016
26 May 2016