Press Release
Monday, June 15, 2020
RECTIFICATION - Budget presentation delayed
Due to the extraordinary circumstances around the COVID-19 pandemic, the Board of Governors decided to delay presentation of the budget to its September 2020 meeting. This budget will cover the 2020-2021 and 2021-2022 fiscal years.
Regular operations can continue until the budget is passed. The Board of Governors also adopted guidelines for preparing this budget following a presentation by management during the meeting. A significant financial challenge is to be expected in the coming years.
“The Université has to find a judicious balance between funding its activities and the available sources of revenue,” noted interim President and Vice-Chancellor Jacques Paul Couturier. “Without a major increase in funding for post-secondary education from the government of New Brunswick, the Université may be forced to make hard choices when it brings down its budget for 2020-2021 and 2021-2022.”
The Board of Governors also adopted tuition fees for 2020-2021.Tuition for students from New Brunswick enrolled in 2018-2019 or before will increase by 2%in order to comply with the memorandum of understanding signed with the government of New Brunswick. Tuition for other full-time Canadian and international students will increase by 8%. “We had to make difficult decisions this year in order to be able to continue to offer a first-class education,” Mr. Couturier added. “Despite the increase, our tuition fees are still lower than those of New Brunswick’s three public Anglophone universities.”
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