Irish universities running up large deficits as debts mount

Irish universities are becoming increasingly unable to compete internationally due to mounting financial problems, which have seen several of the country’s top universities running up deficits, according to the Irish Universities Association (IUA).

16th December, 2006

Irish universities are becoming increasingly unable to compete internationally due to mounting financial problems, which have seen several of the country’s top universities running up deficits, according to the Irish Universities Association (IUA).

Although the IUA, which represents the country’s universities, has identified low increases in state funding for the sector as a major factor, the Sunday Business Post has learned that universities are losing money on many research projects due to inadequate...

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