Budget In Brief

Budget In Brief - (PDF size 1,609 k)

More Opportunities for Young Manitobans

Budget 2008 helps young Manitobans reach their goals by providing more access to education and training, improving our educational facilities and creating opportunities to build careers right here at home.

• The Tuition Fee Income Tax Rebate will provide post-secondary graduates who live and work in Manitoba with $20 million in tax savings in 2008.
  
  
• Manitoba’s student bursary program will increase by $8 million over three years, doubling its support to $16 million.
  
  
• The interest rate on student loans will be reduced by one percentage point.
  
  
• More than $100 million over the next two years for capital projects at Manitoba’s post-secondary institutions.
  
  
• New funds for apprenticeship seats – part of a commitment to add 4,000 new seats over the next four years.
  
  
• $53.5 million in additional funding will be invested in public schools – the largest single increase in more than 25 years.
  
  
• $1 million to improve high school graduation rates and support students who pursue post-secondary education.
  
  
• Additional resources for Red River College to create a new Interlake Campus for Peguis and Fisher River.