Trinity College Dublin bucks trends with surplus but warns of rising costs across third level

But the university says the sector remains under “huge pressure” from rising costs and underfunded public sector pay increases. While its annual results have yet to be published, a financial statement reflecting a €3.9m surplus has been approved by Trinity’s board.

Ms Doyle said there was “no escaping the reality” that Government needs to honour the commitment it made to provide annual core funding of €307 million for the higher education sector, made under the then minister for higher education, now Taoiseach, Simon Harris. Some of the biggest spending concerns are focused at TU Dublin, University College Cork and University of Limerick . All three of these institutions are the subject of scrutiny by the authority after financial issues of concern came to light over recent months.

While the Government maintains that sufficient funding has been made available to the higher education sector, universities argue that there is a gap of between €25-€30 million in what they received in State funding versus the real cost of public sector pay increases.

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