The Budget 2023 education package adds around $4.9 billion over the next five years, being $3.6 billion operating funding and $1.3 billion capital. That takes the total annual Education and Tertiary Education Votes for 2023/24 to just under $21.5 billion.
While the biggest element of Budget 2023 is investment into early childhood education (around $1.8 billion), to support our youngest learners and their families, the education package also focuses on delivering an education infrastructure ($1.2 billion capital) that meets the needs of all learners and responding to the same cost pressures facing the rest of the country.
You can read a summary of Budget 2023 Education Highlights.
More generally, Budget 2023 pulls together initiatives across five critical education areas. You can find more information at these links:
- A major focus on early childhood education
- Continued infrastructure and digital investment
- Responding to cost and demand pressures
- Supporting those ākonga who need it the most
- Investment in Māori education outcomes
Ministerial Press Releases
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