Last updated 25 May 2023
Last updated 25 May 2023

Every year the Government allocates funding to a range of tertiary education initiatives as part of the budget. This section includes information on recent budgets and their implications for tertiary education.

Most of this funding is appropriated, or made available, through . The is the lead agency for the sector.

Our explains how we will manage the services involved in providing the funding to .

The Government’s financial year runs from 1 July to 30 June, whereas we base our funding for most TEOs on the calendar year. This means it can take a while for budget decisions to have an impact.

Read more about recent budgets and their implications: