Universities to see small boost in funding

Higher education institutions in Portugal should have an allocation of €1.2 billion (US$1.4 billion) in the 2022 state budget, an increase of €25 million, according to a document from the Institute for Financial Management of Education, or IGeFE, released on 11 August, reports TPN/Lusa.

“The total value of the endowment of public higher education institutions was determined to be €1.25 billion in 2022,” states the IGeFE document on the endowments of higher education institutions. The amount results from the annual increase of 2% provided for in the legislative contract between the government and institutions, the reinstatement of the reduction in tuition fees and the cost of integrating bonds.

The universities of Lisbon, Porto and Coimbra will receive the most funding, in opposition to the Escola Superior Náutica Infante D Henrique, which should have just over €3 million, according to the document, which is part of the preparation process by the government of the OE2022 law proposal. The decision to reduce by 20% the value of tuition fees, which last academic year dropped to a maximum of €697, is also provided for in the document.
Full report on The Portugal News site.