UBC Board of Governors approves balanced operating budget for 2024/25

27 March, 2024

UBC is reporting a healthy financial position as part of its 2024/25 budget, approved by the Board of Governors this week.

The budget report acknowledges that UBC, like many other universities, is navigating a challenging financial landscape. Broader economic conditions, geopolitical tensions, and sector-specific issues are creating a measure of uncertainty for post-secondaries in Canada and beyond. Despite these challenges, the university forecasts a balanced operating budget for 2024/25.

“UBC is globally recognized for our academic and research excellence,” says Gage Averill, Provost and Vice-President, Academic, UBC Vancouver. “Supporting this outstanding learning environment and enhancing our research impact continue to be the overall priorities for the university in the coming years.”

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