Innovative New Zealand
A $761 million package to help further diversify the economy, and support more jobs and higher wages for New Zealanders in the decade ahead.
$411 million investment in science and innovation, taking the Government's annual science investment to $1.6 billion by 2020.
$257 million for tertiary education and apprenticeship programmes, to develop the skilled workforce needed for a 21st century economy.
$94 million for regional economic development with initiatives to unlock business opportunities and benefit regional communities.
Budget 2016 also supports New Zealand businesses with $187 million for a SME-friendly tax package to ensure the tax system fits in with how small businesses operate not the other way around.