Surplus requirements: how NZ universities make their money

Surplus requirements: how NZ universities make their money
Many changes to universities' incomes depend on decision that tertiary education and skills minister Penny Simmonds can take. (Image: NZME)
Murray Jones
As BusinessDesk reported earlier this year, the university sector was projected to record a deficit for the first time in 2023. Another is predicted for 2024. Many individual universities recorded an underlying deficit in 2022, which was masked sector-wide by the $98 million surplus of The University of Auckland.In this two-part series, we take a look at the institutions’ balance sheets over the past decade and ask: where does the funding come from, how is it being spent, and what can be done to get the sector back into the...

More Investigations

ECE sector 'at a turning point'
Investigations

ECE sector 'at a turning point'

A big slashing of regulations could lead to a reduction in government funding.

Cécile Meier 02 Jul 2024
Daycare dollars: who's winning and losing?
Investigations Business of Education

Daycare dollars: who's winning and losing?

The ECE sector is in crisis, but not all operators are affected in the same way.

The whistleblower and the bank
Finance Investigation

The whistleblower and the bank

ERA finds BNZ's protected-disclosures regime was confusing. 

Victoria Young 26 Jun 2024