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

Mana Māori: Kawenata Unites Kaupapa Māori Parties

The Māori Party and Mana Party have signed a historic agreement today to unite Māori politically.

Māori Party president Tukoroirangi Morgan said the kawenata or agreement was a huge step forward for Māori in the lead up to the general elections.

"Today is an important day for the Māori nation because today is when the country's only two kaupapa Māori political parties unite to work tactically together in the best interests of our people," says Mr Morgan. More>>

ALSO:

.

 
 

Immigration: Short Reprieve For Nine Indian Students

A temporary hold on deportations of nine Indian students is a step in the right direction but the Government urgently needs to implement safeguards to stop further injustices to more international students, the Green Party says. More>>

EARLIER:

Welfare: WINZ Breaching Privacy Laws With WINZ Vetting Rules

E tū, the union for security guards, says WINZ may be breaching privacy laws with its new screening process for people visiting WINZ offices. The vetting requires WINZ security guards to check photo ID and whether visitors to WINZ offices have an appointment.More>>

ALSO:

Turnbull Visit: Leaders’ Talks Cement Trade Relations, Science Agreement

Mr English met with Prime Minister Turnbull in Queenstown today to discuss common approaches to bilateral and international issues, including trade and science and innovation. Mr English also thanked Mr Turnbull for Australia’s offer of support for those fighting the fires on the Port Hills in Christchurch. More>>

ALSO:

Youth Guarantee: Upskilling Fund Used For Retraining

News that one in five of the people enrolling in Youth Guarantee already hold qualifications at the level they’re enrolling in highlights the failure of the scheme to reach the disengaged young people it was set up to assist, says Labour’s Education spokesperson Chris Hipkins. More>>

ALSO:

Port Hills Fire: Midday Update, Monday 20 February

• 9 homes destroyed
• 2 homes with partial damage. Damage includes things like cracked windows, heat damage.
• 3 properties with damage to other external structures e.g sheds or outbuildings More>>

ALSO:

Gordon Campbell: On What Trump May Mean For Us

So far not much effort has been put into tracing the possible implications for New Zealand of the stream of executive orders and tweets that have been pouring from the Oval Office. Unfortunately, we may not simply be drive-by rubberneckers at this car wreck for much longer. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news