David Cullinane
Ceist:134. Deputy David Cullinane asked the Minister for Education and Skills the number of institutes of technology which are running a deficit in tabular form. [11227/16]
Amharc ar fhreagraTuesday, 24 May 2016
Ceisteanna (134)
Freagraí scríofa
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 is closely monitoring the financial position of the institutes listed and are working with them to put appropriate mechanisms in place to eliminate the deficits.