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

 

PARLIAMENT TODAY:

  • Week in Parliament 22-05-15
  • Saturday Sitting
  • House Rises At Midnight
  • Telco Levy Bill Passes
  • Telco Levy Bill Completes First Reading
  • Social Housing Bill Passes Under Urgency

  • TPPA: University Of Auckland Warns Of Negative TPP Impact

    The University of Auckland May 20, 2015 University of Auckland Warns of Negative TPP Impact With the Trans Pacific Partnership (TPP) negotiation drawing to a close, the University of Auckland has expressed serious concerns about its potential implications. ... More>>

    NZ Flag: Flag Referendum Gets Hit Hard In New Poll

    The latest Campbell Live text poll confirms it is time for the Prime Minister to listen to the public and shelve his flag referendum, says the New Zealand First Leader Rt Hon Winston Peters. More>>

    Gordon Campbell: The Government’s Belated Moves On Property Speculation

    Is it a property tax on capital gains or a capital gains tax on property? The Jesuitical distinctions in the government’s spin about its latest moves on property speculators are all about whether the government can claim that it jumped, or confess that it ... More>>

    Grant Robertson:
    Key Can’t Just Be Prime Minister For Parnell

    John Key must show New Zealanders in next week’s Budget that he is more than the Prime Minister for Parnell, and is also the Prime Minister for Pine Hill, Putararu and Palmerston North, Labour’s Finance spokesperson Grant Robertson says. In a ... More>>

    Labour Party: More Regional Jobs Go In Corrections Reshape

    News that 194 Corrections staff are to lose their jobs will have ramifications not only for them and their families but for the wider community, Labour’s Corrections spokesperson Kelvin Davis says. Prison units at Waikeria, Tongariro and Rimutaka ... More>>

    ALSO:

  • NZ First - Prison Job Losses to Send Money Offshore
  • TPPA: ‘Team Obama’ Regroups On Fast Track, Still Not Deliverable

    ‘After yesterday’s stinging and unexpected defeat for the Obama administration’s attempt to advance Fast Track legislation in the US Senate, Senate leaders have worked up a compromise they think will get them past this blockage’, according to Auckland ... More>>

    NZ Government: 5,500 More Doctors And Nurses In Our Hospitals

    Health Minister Jonathan Coleman says a record number of doctors and nurses are working in District Health Boards across the country. More>>

    Controller and Auditor General: Katherine Rich Conflict of Interest Decision

    We are writing to you about a matter that has been raised with us by members of the public. More>>

    ALSO:


    Budget 2015: Andrew Little On The 2015 Budget

    Speaking to the Chamber of Commerce, the Labour opposition leader attacked the government’s approach to economic issues facing New Zealand. He said they have been “more than reckless in their complacency” and “the next week’s budget will do nothing ... More>>

    Defence Force: NZDF Building Partner Capacity Mission Personnel In Iraq

    NZDF Building Partner Capacity Mission Personnel in Iraq The New Zealand Defence Force Building Partner Capacity training mission contingent is in place at Taji Military Complex in Iraq. The Chief of Defence Force Lieutenant General Tim Keating says the ... More>>

    PM Press Conference: ACC Levy Cuts Announced

    In a press conference this afternoon in Wellington, ACC Minister Nikki Kaye proposed $500 million worth of ACC levy cuts. More>>

    Quakes: New Process For Red Zone Crown Offers

    Canterbury Earthquake Recovery Minister Gerry Brownlee has announced a process to give everyone a say on the Crown offers to owners of vacant, commercial/industrial and uninsured properties in the Residential Red Zone. More>>

    ALSO:

    Gordon Campbell: On The Battle Obama Is Waging Over The TPP

    For the past two and a half years, this column has been arguing that the fate of the Trans Pacific Partnership (TPP) deal will hinge on whether US President Barack Obama can win Trade Promotion Authority (TPA) from Congress... Last week, the White House finally, finally unveiled a draft TPA Bill. More>>

    ALSO:


    Gordon Campbell: On lessons for Labour from the UK election
    If the polls were right – and the pollsters kept telling us how accurate they’d been in 2010, and even Nate Silver was getting the same results – there seemed no way that the British Labour Party could lose last Thursday’s British election. With Labour predicted to win around 270 seats and the Scottish National Party batting around 55-60 seats, Labour seemed to be home free. But…as we now know, things didn’t turn out that way. Labour ended up with 232 seats and the Conservatives swept back to power with an outright majority, after winning only a little more than a third ( 36.9%) of the votes cast.MORE >>
    Also.

  • NZ PM John Key - PM congratulates David Cameron after UK election
  • The Nation IV Transcript - Hack Attack author Nick Davies
  • Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
    More RSS  RSS
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news