40683 (2025). Ricardo Menéndez March to the Minister for Vocational Education

40683 (2025). Ricardo Menéndez March to the Minister for Vocational Education: What, if any, is the total revenue, total operating expenses, and net surplus or deficit forecast for each polytechnic in each financial year between 2024/2025 to 2029/2030, as independent entities before the application of any cost savings initiatives?

Hon Penny Simmonds: All polytechnics currently exist as business divisions within Te Pūkenga. Where forecasts have been developed for polytechnics as independent entities, these have been based on the achievement of cost saving initiatives and other financial improvements. Therefore, the requested information does not exist. Te Pūkenga remains subject to public accountability requirements including a requirement to present to the House an annual report which includes audited financial statements.