Higher education could face serious funding challenges: Commission – SABC News

The Finance and Tax Commission indicates that the Department of Higher Education is likely to face serious funding problems for students in higher education institutions.

The primary cause of this planned funding shortfall is due to the implementation of the free higher education approach.

The commission informed Parliament of the outlook for the department’s funding over the next few years.

In 2017, former President Jacob Zuma announced that free higher education would be offered to all first-year students from families earning less than R350,000 a year.

The commission’s senior researcher, Shafeeqa Davids, said the department’s expected budget cut will make the situation worse for the foreseeable future.

Davids says, “The department will continue to face financial pressures due to continued funding pressures to build support for eligible applicants. This pressure is twofold for the ministry, as it would continue to support existing learners within the system while funding new entrants. In the revenue breakdown taken in February, it was mentioned that the department is working on a new funding model. The committee therefore wishes to emphasize the urgency of this project and that it be dealt with quickly and that the new approach be introduced during the course of the exercise. ”

Board chairman Nombeko Mbava says in his analysis that he has noted with concern the continued budget cuts for higher education.

“In the face of potential education budget constraints, allocations to university education and TVET programs must be protected. On the side of the DSI (Department of Science and Innovation), science and innovation, more precisely on the national research foundation, the scar and space agency, we see further reductions planned for 2022, 2023 and 2024.

VIDEO: The Minister of Higher Education briefs the media on funding for higher education:

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