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Auditor-General warns of potential $53m loss for polytechnics

Photo: 123rf In his report on this year s audits of public tertiary institutions finances, John Ryan said the pandemic had fundamentally reset the operating environment for tertiary institutions for the foreseeable future. The report said some organisations found adapting to the pandemic challenging, but many were still focused on getting through and they needed to start thinking about longer-term strategies. It said enrolments in the first half of this year were down 1.3 percent at universities and 6.2 percent at polytechnics, probably due to the pandemic. However, there was no big loss of students, with students who did commence their studies largely not dropping out.

Auditor-General warns polytechnics could lose $53 million this year, double the next

The Auditor-General has warned that the national polytechnic could lose $53 million this year and double that amount next year. In his report on this year s audits of public tertiary institutions finances, John Ryan said the pandemic had fundamentally reset the operating environment for tertiary institutions for the foreseeable future. The report said some organisations found adapting to the pandemic challenging, but many were still focused on getting through and they needed to start thinking about longer-term strategies. It said enrolments in the first half of this year were down 1.3 percent at universities and 6.2 percent at polytechnics, probably due to the pandemic. However, there was no big loss of students, with students who did commence their studies largely not dropping out.

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