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Budget 2013 focuses on providing the maximum possible level of support for students in the early years of tertiary study and those from low-income families, while ensuring the system is sustainable for taxpayers.

The Government has today announced a number of changes to student allowances to continue to rein in the big increases in expenditure by the previous government.

Budget 2013 invests $40 million over the next four years in marketing and promoting New Zealand’s international education industry, as the country targets doubling the value of international education to $5 billion by 2025.

Budget 2013 will target overseas-based student loan borrowers with new initiatives to increase repayments and reduce defaulting, Tertiary Education, Skills and Employment Minister Steven Joyce and Revenue Minister Peter Dunne say.

“Overseas-based borrowers are continuing to let the side down with slow repayments and high levels of loan defaults, compared to those who stay in New Zealand and pay off their loans,” Mr Joyce says.

A major expansion of Māori and Pasifika Trades Training to 3,000 places as part of Budget 2013 was announced today by Tertiary Education, Skills and Employment Minister Steven Joyce, and Associate Minister for Tertiary Education, Skills and Employment Tariana Turia. 

There are currently 600 places spread across the existing He Toki ki te Rika and Pasifika Trades schemes, which were set up by the current Government in 2011.

E te iwi e tau mai nei ki Whitireia i tēnei ahiahi, tēnā rā koutou katoa. Talofa lava, Malo e lelei, Kia orana, Bula vinaka, Fakaalofa lahi atu, Namaste, Malo ni, Halo ola keta, Mauri, Fakatalofa atu.