|
| ||
Board Can't Restore Science Funding - Elder |
||
The Lottery Grants Board is not in a position to restore
funding for science, Internal Affairs Minister and Grants
Board Chairperson Jack Elder said today.
Responding to a
call by Neville Blampied of the Association of University
Staff, he said while it is true the Lotteries Commission
recorded a higher level of profit last year, the Board
actually had less to allocate as it needed to replenish its
reserves.
“The Board works on projected profit levels determined at the beginning of each financial year by the Lotteries Commission," Mr Elder said. "It is therefore vital the Board keep a minimum of $5million in reserves to enable it to meet its commitments in the event of the Commission not reaching the forecast target.”
Mr Elder said the Board continued to come under increasing pressure from worthy causes and has had to take some hard decisions over the past few years in order for it to continue to make meaningful contributions to priority sectors.
“The Board reassesses
its priorities annually and will continue to do so,” Mr
Elder said. "When the Board made its decision to cut the
science fund it was aware the government had increased
significantly expenditure on science and research."

Greens: CAA Airport Door Report Conflicts With Brownlee’s Claims
TAIC: Final Report On Grounding Of MV Rena
Gordon Campbell:
Werewolf Satire:
Flight: Review Into Phillip Smith’s Escape Submitted To Government
Intelligence: Inspector-General Accepts Apology For Leak Of Report
Drink: Alcohol Advertising Report Released
Leaked Cabinet Papers: Treasury Calls For Health Cuts