UvA must continue to work hard on financial position

By: Together Abroad 08-01-2016 2:07 PM
Categories: Education news,

While the University of Amsterdam (UvA) is not in imminent danger, its current financial position as an institution is expected to deteriorate further. Therefore, the university should continue to work hard to restore itself over the next three years.

This was reported by the Education Inspectorate, who came to this conclusion, published last Friday.

The university suffered losses in recent years, but over all, the losses sustained were less than expected. Between 2015 and 2018, the institution will probably be short 15 million euros, while at first it had expected a loss of 85 million.

The UvA has spent a much of its budget on new buildings in recent years. This includes a total of approximately 620 million euros, planned to be used between 2005 and 2020. Of this budget, 380 million has already been spent.

The financial situation has also deteriorated because the number of students at the UvA has been in decline since 2011. This is because the studies which the university is aimed towards are not in high demand. and because popular disciplines such as engineering are not on offer. In 2017, the university will probably 8 million euros less than in 2015.

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