Written answers
Tuesday, 24 May 2016
Department of Education and Skills
Institutes of Technology
David Cullinane (Waterford, Sinn Fein)
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134. To ask the Minister for Education and Skills the number of institutes of technology which are running a deficit in tabular form. [11227/16]
Richard Bruton (Dublin Bay North, Fine Gael)
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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 are closely monitoring the financial position of the institutes listed and are working with them to put appropriate mechanisms in place to eliminate the deficits.
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