The Wellbeing Budget

Building a productive nation

Image credit

Initiatives: Skills for the future

Increasing Tertiary Tuition and Training Subsidies: Maintaining Quality Tertiary Education

$154.8 million operating
This initiative aims to maintain quality education by meeting cost pressures, such as increases in wages and salaries. This will be done by increasing subsidy rates paid to Tertiary Education Organisations by 1.8 per cent from the start of 2020.

Increasing WorkSafe New Zealand's Capacity to Improve the Health and Safety Outcomes of Workers in New Zealand

$57 million operating
This initiative provides funding for unmet costs from WorkSafe New Zealand's existing service delivery, increasing WorkSafe New Zealand's specialist capacity in the inspectorate and legal services, further education and guidance support. Funding for this initiative is fully offset by third party revenue.

Mana in Mahi: Employment Programme to Support Successful Transition into Sustainable Work

$49.9 million operating
This initiative aims to support people on benefits, particularly 18 to 24-year-olds, to find and stay in employment. This will be done by providing funding for a wage subsidy to employers who hire someone in receipt of a main benefit and offer that person industry training qualification opportunities, as well as support for employers and participants.

Preparing for the Future of Work and a Just Transition to a Low-Emissions Economy

$9 million operating
$0.2 million capital

This initiative provides funding for additional policy resource for the Ministry of Business, Innovation and Employment to continue working on the Government's ambitious policy agendas on the future of work and a just transition to a low-emissions economy.

Reform of Vocational Education

$197.1 million operating
This initiative will support the transition to a thriving vocational education system that better responds to learners', employers' and regions' needs by implementing the Government's Reform of Vocational Education (RoVE). This will include changes to institutional forms and systems to support the ongoing sustainability of a broad range of delivery across New Zealand.

School Leavers' Toolkit

$3.5 million operating
This initiative aims to increase opportunities for students aged 13 to 18 to develop civics knowledge and skills, financial literacy and key workplace competencies before they leave school.

Support for Unitec Institute of Technology

$50 million capital
This initiative established an interest-free concessionary loan facility of up to $50 million from August 2018 for Unitec Institute of Technology to be repaid within 10 years.

Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now


Back to Top