Gov�t to slash tertiary education funding

According to available data Government authorised the expenditure of P 3.3 billion in 2016/17 financial year. Reports suggest that the figure will be cut down to P2.4 billion when the Minister of Finance and Economic Development Kenneth Matambo presents his budget speech on February 6.

Last year Education ministry took a firm stand on providing higher education sponsorships based on quota system informed by skills required by the market. For decades, the Government has been the majority tertiary education financier. Recently, calls for alternative funding models have heightened as evidenced by a mega conference in the capital on the matter late 2016.