Quarter of a billion goes missing

Posted By TEU on Dec 19, 2013 |

Tertiary Update Vol 16 No 44

The government will spend quarter of a billion dollars less on tertiary education this year than it estimated it would in May. Treasury’s latest half yearly economic and fiscal update shows the amount the government will spend on tertiary education falling from a budgeted $4.37 billion to an actual amount of $4.12 billion.

The fall in spending this year comes entirely from the student loan budget line. However Treasury also estimates that the government will spend between $11 and $22 million less on tuition every year from 2014 through to 2017 than it announced at the May budget.

“People will remember,” said TEU president Lesley Francey, “when the government posts its $86 million dollar surplus in 2015 that it has come at the expense of the education of debt -ridden young New Zealanders.”

“Cutting money from people’s education is not ‘responsible fiscal management’, it’s just short term opportunism. And it is harming our students.”

These Treasury figures, which revise down the amount the government is anticipating it will spend on tertiary education, exacerbate a long term trend that shows government spending on tertiary education falling since 2009 – despite rising student numbers and increasing inflationary pressure.

Also in Tertiary Update this week:

  1. Don’t cull EEO and race relations commissioners says TEU
  2. Thousands send message supporting paid parental leave
  3. Government must focus on growing social deficit
  4. Humanities struggling for recognition at Uni of Auckland

Other news

Best wishes for Christmas and the New Year from TEU. Thank you for your support this year. TEU offices will close on Fri 20 December, and will reopen on Monday 6 January. If you have an urgent inquiry contact us on 0800 278 348.

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A Palmerston North education union leader has given a scathing review of the Government’s spending on the tertiary education sector. Tertiary Education Union UCOL branch president Tina Smith said there were shortfalls in the Government’s funding that were penalising regional polytechnics – Manawatu Standard

The Abbott government is considering taking control of the governance of Australian universities, relieving state governments of the responsibility – Sydney Morning Herald

Our teacher education members may be interested in this conference next month – re-igniting creativity and passion for learning in our primary and intermediate schools, kura kaupapa Māori and centres  – Education2014

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