. Universities and colleges will receive an additional approximately 500 billion kroner for the results achieved by students.
People who started their studies during the pandemic and then took the exams obtained good final results. As a result, this results in a record low failure rate. These results involve extra money for universities and colleges.
This adds up to an additional budget of CZK 509 billion for the Ministry of Education and Research. The ministry also receives an award for good implementation at universities and colleges in 2022. These data are included in the draft state budget for the next year. It is worth noting that this is a budget element that cannot be changed by the new government, which will present a supplementary bill to the budget on Monday, November 8.
Under the proposed state budget, a total of SEK 41,5 billion has been allocated to universities and colleges. This is the amount given before announcing the changes that the new government wants to introduce in the budget.
The reason why universities and colleges will have half a billion kroner more to spend next year is that about 40 percent of the allocation to universities and colleges is based on the results they achieved two years earlier. For 2022, what matters is the results achieved by institutions in 2020.
In the 2020/21 academic year, universities and colleges awarded just over 7 percent more ECTS than in the entire previous academic year. This increase is not particularly large per individual student. However, in universities and more students take exams in universities and obtains satisfactory results.
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Source: vg.no
