Budget 2015
Budget 2015
A stronger economy with more people in paid work, and a declining 18-25 age group, meant that demand for tertiary education was softening in 2015.
A stronger economy with more people in paid work, and a declining 18-25 age group, meant that demand for tertiary education was softening in 2015.
Budget 2015 responded to this reduced demand by investing in tertiary education initiatives that would:
- maintain the Government’s investment in tertiary education
- improve the economic contribution of the tertiary education system
- take steps toward delivering on the Government’s manifesto commitments.
Budget 2015 encouraged providers to deliver more of the skills New Zealand was in need of by directing funding towards:
- targeted increases in tuition subsidies, at degree level and above, for science, agriculture and horticulture, optometry, pharmacy and physiotherapy
- activities to increase the number of engineering graduates, including more engineering places
- additional places in .
Budget 2015 also supported improved communication between industry and providers, and promised to provide students with better information through the development of .
The Government signalled its plan to identify changes it could make to the funding system to:
- make funding more responsive to changes in demand, and to
- allow providers that were innovative and achieved good results for learners, to increase their funding.
For more detailed information on the 2015 Budget, read the following:
Minister of Tertiary Education, Skills and Employment’s media release