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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.

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Science and innovation

$411 million investment in science and innovation, taking the Government's annual science investment to $1.6 billion by 2020.

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Tertiary education

$257 million for tertiary education and apprenticeship programmes, to develop the skilled workforce needed for a 21st century economy.

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Regional economic development

$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.

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