David Cullinane
Question:61. Deputy David Cullinane asked the Minister for Education and Skills the institutes of technology which are running a deficit, in tabular form. [10956/16]
View answerThursday, 19 May 2016
Questions (61)
Written answers
The draft financial statements of the following Institutes of Technology are showing a deficit for 2014/15 academic year: Athlone Institute of Technology; Cork Institute of Technology; Dundalk Institute of Technology; Galway-Mayo Institute of Technology; Letterkenny Institute of Technology; Institute of Technology Tralee; Waterford Institute of Technology.
It should be noted that a number of these institutes have accumulated reserves which can be used to meet their deficit. The Higher Education Authority are closely monitoring the financial position of the institutes listed and are working with them to put appropriate mechanisms in place to eliminate the deficits.