The annual budget for each institute is at present allocated on the basis of its total pay and non-pay requirements following consideration of its annual programmes and budget sub mission which is required under section 13 of the Regional Technical Colleges Act, 1992. The allocation takes into account the complexity of each institute, the range of courses and facilities offered to students, the total number of students, both full-time and part-time, and the nature of the infrastructure. Decisions on the allocations also have regard to Government policy and the Department's priorities.
A unit cost system of allocating funds to the institutes of technology has not yet been developed. However, my Department has initiated a review with a view to preparing proposals for the allocation of current funding to the institutes based on the concept of unit costs or an alternative suitable formula-based concept.