NB PSE department releases Budget 2023 with increased investment in universities, student funds, apprenticeship supports


The Government of New Brunswick’s Department of Post-Secondary Education, Training and Labour recently tabled its $668M budget for 2023-24. The budget is a $12.5M increase over last year. Increased funding will be provided for university operating budgets (2% increase), performance-based funding (up to 1.5% increase), and the New Brunswick Student Loan and the New Brunswick Bursary to align with the cost of living. The department will also hire additional apprenticeship officers to increase services and foster labour force growth in priority skilled trades.