Universities have worst financial year on record in 2022
Morning Report
English - June 08, 2023 19:23 - 3 minutes - 3.22 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Councillor warns of wild ride at day two of budget debate
Next Episode: Canadian wildfire smoke blanket reaches NYC
It's official, universities had their worst year on record in 2022 with at least five of the eight institutions recording a loss.
The figure is likely to get even worse with Waikato expected to confirm a deficit when it publishes its annual report next month.
Universities warn this year is also looking tough and they are urging the government to used the millions of dollars it has saved from falling enrolments to help them out.
RNZ education correspondent, John Gerritsen, reports.