fbpx Go to page content

Provincial budget update

Third year of planned base budget cuts

Campus and Community

The 2019-20 provincial budget today confirmed the third year of a three-year forecast of cuts to Memorial University’s base budget. The budget did not contain any additional cuts.

The total operating grant from government (not including the Faculty of Medicine) is $1.6 million less for 2019-20 than it was in 2018-19. This net reduction is the result of a $4-million increase in the line item earmarked to maintain the tuition freeze for Newfoundland and Labrador students, and reductions of $5.6 million in the base budget. These anticipated reductions are being addressed through savings from the Voluntary Retirement Program implemented in 2018. Work continues with government to address the ongoing pension funding issue.

In May 2017, the Board of Regents passed a three-year budget plan to address the forecasted cuts. In terms of next steps, work will continue to finalize the university’s 2019-20 budget for consideration by the Board of Regents and a further update will be provided after the next board meeting on May 9.


To receive news from Memorial in your inbox, subscribe to Gazette Now.


Latest News

Justice warrior

Activist and master of arts graduate Kerri Claire Neil eyes the future

Mr. and Mrs. MBA

Couple discover support and motivation through pursuit of degrees

Winners and losers

Study predicts 'downsizing' to smaller animals over next century

Academic celebration

Eight honorary degrees to be conferred during spring ceremonies

Rock star

International exchange experience ignites Earth Sciences graduate's passion for geology

Solid foundation

More than $8 million in federal investment energizes discovery-based research