Parliament

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

 

$199m boost for tertiary education and research

$199m boost for tertiary education and research

Budget 2014 provides $198.6 million of operating funding for new investment in tertiary education, Tertiary Education, Skills and Employment Minister Steven Joyce says.

“This investment will strengthen our higher education system, improve further the quality of our universities, and help maintain their international competitiveness,” he says.

$83.3 million operating funding of the increase will be provided for lifting tuition subsidies in science provision (8.5 per cent increase), agriculture (8.5 per cent), and selected health sciences (pharmacy 16.4 per cent and physiotherapy 12.4 per cent).

“Budget 2014 continues our focus on increasing funding for science, technology, engineering, and mathematics (STEM) subjects,” Mr Joyce says.

“Analysis by the Ministry of Education shows that these areas were underfunded historically relative to less-expensive provision such as the humanities and commerce.

“We have previously increased our engineering investment and made two smaller increases to the cost of science provision. These latest increases will further improve the position of science-based provision and agriculture relative to other disciplines.

“Investing in science-based skills is crucial for innovation, productivity and growth in the New Zealand economy which is a key focus of our Business Growth Agenda.”

Operating funds for new initiatives over the next four years include:
· An additional $67.9 million for science (an 8.5 per cent increase per equivalent full-time student).
· An additional $8.5 million for agriculture (an 8.5 per cent increase per equivalent full-time student).
· An additional $3.8 million for pharmacy (a 16.4 per cent increase per equivalent full-time student).
· An additional $3.1 million for physiotherapy (a 12.4 per cent increase per equivalent full-time student).
· $28.6 million for ICT training initiatives (including $11.8 million of contingencies).
· An additional $53 million to increase the number of Centres of Research Excellence (CoREs) to 10, including a CoRE that focuses on Māori research.
· An additional $4 million in 2013/14 and $16 million in 2014/15 to extend the Apprenticeship Reboot to 31 December 2014, creating a further 6,000 places.
· $13.2 million from Vote Health for 34 additional medical places to meet the Government’s commitment to providing 200 additional medical places.
· $500,000 in 2014/15 for Studylink to implement fees-free foundation education for those under 25, and for Māori and Pasifika Trades Training.

The boost in funding for new investment in tertiary education will come from reprioritisations within Vote Tertiary Education, and will also include additional money from the Crown.

The tertiary system is experiencing a small amount of reduced demand as people move into employment rather than taking up full-time study. In the 2013/14 financial year, not all allocated places were filled.

The suspension of inflation adjustments to the student loan repayment threshold (currently $19,084 a year or $367 weekly) will be extended a further two years until 1 April 2017. This will increase marginally the total repayments made by student borrowers, reducing both repayment times for borrowers and future lending costs for the Crown.

Funding freed-up from reduced demand and the suspension of inflation adjustments to the student loan repayment threshold, totalling operating savings of $71.6 million in 2013/14 and $72.6 million over the next four years, has been reinvested in targeted higher education funding, CoREs, and additional apprenticeship places in the Apprenticeships Reboot.

“The Budget continues the Government’s increase in tertiary education investment and a focus on the skills and research required to drive economic growth in New Zealand,” Mr Joyce says.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Another Reason To Loathe HR Departments (And On The Teachers Strike)

This morning’s news item about Police emergency call centre staff turning up for work while they’re sick – because they’re afraid their sick leave statistics will be used against them, and their jobs put in jeopardy – is not an isolated case...

Obviously, sick people shouldn’t be being treated by doctors and nurses who are themselves sick and potentially infectious. Similarly, Police emergency calls also need to be fielded by people who’re feeling alert, and on top of their game. More>>

 
 

MPs' Computers To Be Searched: Inquiry Into Leak On Simon Bridges' Expenses

An inquiry has been launched to find out who leaked the National Party's expenses to the media... Parliament's speaker, Trevor Mallard, said a Queen's Counsel would lead the inquiry with the help of an employment lawyer and also someone with forensic IT skills. More>>

ALSO:

Teachers Strike: Nationwide Rallies And Marches

Teachers and principals voted for a full day strike to be held on 15 August to send a strong message to the Government that the current collective agreement offers from the Ministry of Education would not fix the crisis in teaching. More>>

ALSO:

Wellington.Scoop: City Council Ends Its Support For Jackson’s Movie Museum

The Wellington City Council and the Movie Museum Limited have today announced a mutually-agreed parting of the ways for a joint project between the Council’s Convention Centre and TMML’s Movie Museum... Both parties remain optimistic for the future of their respective projects. More>>

Pay Equity: Historic Settlement For Education Support Workers

The New Zealand Educational Institute (NZEI) and the Ministry of Education today signed Terms of Settlement to address a pay equity claim for 329 support workers who work with very young children in early childhood and primary schools. More>>

ALSO:

Gordon Campbell: On The Stereotypes About Jacinda Ardern

Routinely, female politicians get depicted as either show ponies or battle axes, with little room for anything else in between. .. More>>

Weekend Interviews: "Discriminatory And Racist" Aussie Deportations

The former president of Australia’s Human Rights Commission Gillian Triggs says deportations have risen dramatically in Australia since 2014 when ministers and ministerial delegates were given the power to cancel visas - and half of those being deported are New Zealanders. "These are massive numbers, actually escalating dramatically."... More>>

ALSO:

Legal Challenge: Prisoner Has 9 Boxes Of Documents Seized

Human rights organisation People Against Prisons Aotearoa says a prisoner they advocate for has had 9 boxes of legal documents seized from him just days before his case against the Department of Corrections was to be heard. More>>

Single-Use Plastic Bags: Govt To Phase Them Out

Single-use plastic shopping bags will be phased out over the next year, Prime Minister Jacinda Ardern and Associate Environment Minister Eugenie Sage announced today. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages