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Budget 2019 and tertiary education

Budget 2019 and tertiary education

Last updated 31 May 2019
Last updated 31 May 2019

Budget 2019 has been announced and holds positive news for tertiary education.

As part of this year’s Budget package, tuition and training subsidies have been increased through a 1.8 percent funding boost across a number of funds for 2020. This is the first time many funds have received increases in a number of years, and will support tertiary organisations to maintain the quality of tertiary education and training as costs such as wages and salaries increase.

The rate increases will be reflected in the methodologies for the upcoming indicative funding allocations.

The increase includes the following funds:

For more information about funding increases see the TEC Fund Funder.