uMoncton adopts deficit budget

April 16, 2014

The Université de Moncton board of governors has adopted the institution’s operating budget for the 2014-15 fiscal year, which projects a deficit of $628,000. The deficit comes at a time when the provincial grant rate and tuition fees have both increased; however, uMoncton president Raymond Théberge cited a decline in Canadian student registrations as contributing to an overall decrease in revenues. “In January 2014,” Théberge said, “there were 250 fewer Canadian students registered ... as compared to the same date in 2013. And in 2014-2015, we expect an additional loss of 100 registrations.” The declining enrolment may be attributed in part to a reduction in the number of students in French schools as well as increased competition. The budget includes measures to limit expenditures, keeping the rate of increase below the average for the past several years. Student bursaries will increase by 3% to help offset the rising tuition costs. uMoncton News Release