Budget 24

Vote Education

The Minister of Finance delivered Budget 24, today.

In total, this year’s Vote Education package adds around $2.9 billion over the next 4 years to improve student outcomes.

The additional funding increases the total investment in schools and early childhood education by 3.6% in the coming year to $19.1 billion. The total includes $429 million of savings found within Vote Education that have been redirected to higher priority frontline areas within education.

Key investments made in the Budget include an additional:

  • $1.5 billion for education property.
  • $478 million for Ka Ora Ka Ako to continue the Healthy School Lunches Programme for 2 more years, including $8 million to introduce a targeted early childhood food programme.
  • $199 million over 4 years including a 3% increase for Schools Equity and Isolation Index based components and a 2.5% increase for the remaining components of school operating grants.
  • $191 million over 4 years for a cost adjustment of 2% to the Early Childhood Education (ECE) subsidy for under 2-year-olds, ECE subsidy for 2-year-olds and over, 20 Hours ECE, and Equity Funding.
  • $163 million over 4 years to support digital services in schools, including cyber security and equipment replacement.
  • $153 million over 4 years to establish Charter Schools | Kura Hourua.
  • $67 million over 4 years for the implementation of structured literacy in all state primary schools.
  • $53 million over 4 years for teacher supply, retention and attraction initiatives.
  • $45 million over 4 years to support the rapid increase in numbers of students that require English for Speakers of Other Languages support.
  • $32 million for Holidays Act remediation for school employees, based on an updated estimate of liability.
  • $15 million over 4 years to increase funding for the School High Health Needs Fund.
  • $14 million over 4 years to support the ongoing delivery of Ikura Period products in schools programme.
  • $13 million over 4 years to provide sustainable funding to Playcentres.

You can find details of the Budget 24 Vote Education package, including fact sheets, in the links below.

$2.93 billion investment to lift educational achievement – Beehive.govt.nz(external link)


Support for the Education Sector

Transforming how our children learn to read

Major investment in teacher supply


Special edition School and Early Learning Bulletins were sent on Friday 31 May 2024.

If you have any questions, email budget.team@education.govt.nz.

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