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

 


Polytechnic financial results a National embarrassment

Maryan Street
Tertiary Education Spokesperson

3 June 2014

Polytechnic financial results a National embarrassment

Tertiary Education Minister Steven Joyce should hang his head in shame following the dismal financial results of our polytechnics, Labour’s Tertiary Education spokesperson Maryan Street says.

“It is unsurprising that three years into a four year funding freeze, the finances of polytechnics are deteriorating.

“All but one of our institutes of technology and polytechnics are reportedly in worse financial shape than they were a year ago. Twelve out of a total of 18 reportedly failed to make the 3 per cent surplus required by the Government, and three of those ran deficits.

“Our tertiary institutions are being asked to do more and more with less and less.

“Over the past five years the Government has sucked more than $60 million out of institutes of technology and polytechnics. This comes at the same time as enrolments are falling.

“The pressure on our polytechnics is unsustainable. We cannot expect them to continue to exist on this current flawed business model. These institutions need help.

“If the Government is serious about filling skills gaps in our economy, then it should be looking to boost polytechnics and the courses they offer rather than consistently cutting them back.

“National should be supporting polytechnics so they become significant contributors to regional development. But unfortunately the regions have been left to wither and die under this Government.

“Labour will restore polytechnics to their previous role in skills development which maximises their regional opportunities and contribution to regional economic development,” Maryan Street says.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news