UB enrollments drop 23%, revenues face south

The recently released report, covering the financial year to March 31, 2016 indicates enrollments at the institution fell from 18,176 in 2014 to 14,040 in 2016, leading the UB to deficits.

According to the report, during the year under review, the University recorded a deficit of P624.76 million, compared to P1.95 million in the previous year. Though the deficit is mainly attributed to an increase in staff costs due to introduction of housing and travel allowances, the Auditor General noted that the decline in enrolments was also a major driver.