Government to introduce three-pillar system for funding universities
The government is introducing a new three-pillar funding system for universities from September to better support various aspects of university activities, Laszlo Palkovics, the innovation and technology minister, said on Monday.
Speaking at an unrelated event at a faculty of the University of Veterinary Sciences in Ullo, near Budapest, Palkovics said the three pillars would fund the areas of education, research, and infrastructure and maintenance separately. Of the three pillars, the educational funding will be paid in proportion to the number of students taught at the university, he said.
Palkovics said that the foundational model for running certain universities and the new financing model would contribute to greater competitiveness.