Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Budget 2007: Tertiary sector primed for future

Hon Dr Michael Cullen
Minister for Tertiary Education

Tertiary sector primed for future

Budget 2007 provides the funding needed to strengthen the ability of the tertiary sector to help meet our economic, environmental and social challenges, Tertiary Education Minister Michael Cullen said today.

"This year's Budget package will enable the tertiary system to better fulfil New Zealand's needs, and at the same time provide better value for money for taxpayers and students.

"This is vital if we are to maximise the potential of the tertiary sector to contribute to our economic and social well-being.

"Therefore, Budget 2007 sets aside $285.1 million of operating funding over four years (and $79.7 million of capital funding over four years). This package will be partially funded by money released from resetting the baseline for sub-degree provision below the current cap. (This was announced pre-Budget)."

This includes:

- $129 million over four years to support universities to build their capability and strengthen their international competitiveness.
- $21 million of operating funding and $55 million of capital funding over the next two years in Institutes of Technology and Polytechnics (ITPs) to support several capability enhancing initiatives.
- $35 million of capital funding over the next two years in the Quality Reinvestment Programme.

Budget 2007 also expands other tertiary investment through:

- $76.3 million of operating funding over four years and $2.2 million of capital funding over the next two years in initiatives that will improve skill levels among people in employment.
- $14 million over four years for the Performance Based Research Fund to expand research by tertiary education organisations.

- $6 million over four years specifically for wananga to use to boost their research capability and activity, particularly in the area of Maori knowledge.
- $16.2 million of operating funding over four years to ensure that more full time tertiary students are eligible for government assistance by increasing the student allowance parental income thresholds.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>


Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election