Balanced Budget Plan

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    <title>Balanced Budget Plan</title>
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  <title>Queen’s University Balanced Budget Plan</title>
  <link>/budget/node/10</link>
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&lt;span&gt;Queen’s University Balanced Budget Plan&lt;/span&gt;

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&lt;span&gt;&lt;time datetime="2025-01-22T13:35:33-05:00" title="Wednesday, January 22, 2025 - 13:35"&gt;Wed, 01/22/2025 - 13:35&lt;/time&gt;
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&lt;p&gt;At Queen’s University, we are committed to excellence in research and teaching. To support and advance our academic mission, we are tackling our financial challenges together.&lt;/p&gt;

&lt;p&gt;In Spring 2023, Queen's announced a significant operating budget deficit. Since then, the university has made substantial progress in reducing its operating budget deficit. While encouraging, we continue to face financial challenges due to the 2019 provincial tuition cut and ongoing tuition freeze for Ontario students, the international student enrolment cap, and steadily rising expenses, all of which are being felt across the sector.&lt;/p&gt;

&lt;p&gt;Queen’s has undertaken several cost-cutting measures and is implementing strategies to address its operating budget deficit.&lt;/p&gt;

&lt;p&gt;&amp;nbsp;&lt;/p&gt;
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                &lt;h2&gt;Financial overview&lt;/h2&gt;

&lt;p&gt;Learn about the university’s finances, including revenues and expenses.&lt;br&gt;
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                &lt;h2&gt;Operating budget deficit&lt;/h2&gt;

&lt;p&gt;Find detailed info on Queen’s financial challenges, including the factors contributing to our operating budget deficit.&lt;br&gt;
&lt;a data-entity-substitution="canonical" data-entity-type="node" data-entity-uuid="388bd774-e60b-4920-ad01-2f88ac98bf6c" href="/budget/operating-budget-deficit" title="Operating Budget Deficit"&gt;Operating deficit &lt;span class="fontawesome-icon-inline"&gt;&lt;span class="fa-solid fa-circle-chevron-right"&gt;&lt;/span&gt;&lt;/span&gt;&lt;/a&gt;&lt;/p&gt;

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                &lt;h2&gt;Addressing budget challenges&lt;/h2&gt;

&lt;p&gt;Read about Queen's measures to address our budget challenges and to ensure a strong financial future.&lt;br&gt;
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                    &lt;a href="/gazette/stories/queen-s-board-trustees-approves-2026-27-operating-budget" aria-label="Queen’s Board of Trustees approves 2026-27 operating budget"&gt;
                                                                                                                                &lt;img data-src="/gazette/sites/gazettewww/files/styles/large/public/2026-05/WEB%20Pole%20Banner%2020220901%20QRelations%20048%201200x800.jpg?itok=5-4f_aQ9" class="card-img-top lazyload" alt="grant hall"&gt;
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                    &lt;p&gt; May 11, 2026 &lt;/p&gt;
                    &lt;h3&gt;&lt;a href="/gazette/stories/queen-s-board-trustees-approves-2026-27-operating-budget"&gt;Queen’s Board of Trustees approves 2026-27 operating budget&lt;/a&gt;&lt;/h3&gt;
                    &lt;p&gt;The university’s financial outlook has improved but continued budget management is needed to address ongoing pressures.&lt;/p&gt;
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                    &lt;a href="/gazette/stories/queen-s-university-credit-ratings-remain-strong-and-stable" aria-label="Queen’s University credit ratings remain strong and stable"&gt;
                                                                                                                                &lt;img data-src="/gazette/sites/gazettewww/files/styles/large/public/2026-05/2216.GB_Jemmett_door-9_1200x800_0_0.jpg?itok=RXfAubwk" class="card-img-top lazyload" alt="campus spring"&gt;
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                    &lt;p&gt; May 04, 2026 &lt;/p&gt;
                    &lt;h3&gt;&lt;a href="/gazette/stories/queen-s-university-credit-ratings-remain-strong-and-stable"&gt;Queen’s University credit ratings remain strong and stable&lt;/a&gt;&lt;/h3&gt;
                    &lt;p&gt;S&amp;amp;P and Morningstar DBRS affirm Queen’s strong credit ratings, highlighting the importance of ongoing prudent financial management.&lt;/p&gt;
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                    &lt;a href="/gazette/stories/provost-launches-review-university-budget-model" aria-label="Provost launches review of the university budget model"&gt;
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                    &lt;/a&gt;
                    &lt;p&gt; Apr 01, 2026 &lt;/p&gt;
                    &lt;h3&gt;&lt;a href="/gazette/stories/provost-launches-review-university-budget-model"&gt;Provost launches review of the university budget model&lt;/a&gt;&lt;/h3&gt;
                    &lt;p&gt;The review will include broad consultations aimed at ensuring the budget model better supports the university’s academic and research priorities.&lt;/p&gt;
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  <pubDate>Wed, 22 Jan 2025 18:35:33 +0000</pubDate>
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