In September this year, the Institute of Education (IEW) received a $10.5 million grant from the Australian government.
That was its first grant since the Abbott government cut the IEW’s funding to $3.8 million last year.
The cut meant that the institute would have to find savings elsewhere.
“We had no choice,” said former head of the Iew, Dinesh Sharma, who was also an advisor to the prime minister.
“This is the worst year for funding in recent memory.
We’re facing unprecedented challenges.”
The institute had planned to spend $1.5 billion in the 2018-19 academic year, but was now facing a $1 billion budget shortfall.
In May, the government announced a $500 million cut to the IW’s budget, and the institute’s chief executive, Dr Rajendra Kumar, told the ABC that “we’re going to have to close our doors for good”.
“We’re going in a direction where we’re going back to a much more sustainable, sustainable state.
It’s not just about funding,” he said.
“I would say this is a time when the government is going to take a more proactive approach, where they are looking at the big picture.”
The IEW has had its budget slashed before.
Last year, it had to borrow more than $700 million to fund its research and teaching.
It has also been hit by a series of funding cuts that are putting further pressure on its funding.
The institute has also faced a number of staff redundancies and cutbacks over the past year.
“What we’re seeing in Australia is that funding is not being given back to institutions that have been doing very well over the last few years,” said Professor Sharma.
“The reality is that we are facing the most significant funding cuts in Australian higher education history.”
What’s more, the funding cuts are being driven by the federal government’s decision to cut back on the value of higher education in Australia.
This means universities will no longer receive a share of the value that universities receive from government funding.
This is known as “universality discount”.
The federal government has been cutting the value from its higher education funding over the years, but universities have been largely left to fend for themselves.
“Universities are struggling,” said Dr Sharma.
“[But] they are not going to be able to absorb this.
We are going to see a return of higher funding and universities will be the ones having to take that hit.”
A recent study by the University of Technology Sydney (UTS) showed that the state of funding in higher education had actually declined since 2012, with funding for the institutions falling from around $1,700 per student to just $1 a student.
Dr Sharma said that “university funding is in the red”.
“The funding is going down because of the cuts, but also because universities are not paying their students,” he told the BBC.
The report from the IESC, which was commissioned by the university, concluded that “there is no justification for the state funding system to be as unequal as it is”. “
That’s not good.”
The report from the IESC, which was commissioned by the university, concluded that “there is no justification for the state funding system to be as unequal as it is”.
It also noted that “a significant amount of the funding for universities is going towards infrastructure, including higher education accommodation, buildings, laboratories and training facilities, but less is going on for the arts and humanities.”
A spokesman for the Department of Education told the Australian Financial Review that the department would be “investigating the issue”.
“University funding has been frozen for several years and is set to remain frozen in future years, pending a full assessment of the impact of the state budget,” the department said in a statement.
“Any suggestion otherwise is not supported by the evidence, which shows that funding for higher education has increased over the decade and that universities are delivering higher levels of academic performance.”
Professor Sharma said he expected “the federal government to go back to the drawing board” when it comes to funding for university education.
“They will look at what the evidence is on how universities are performing, what universities are doing well,” he added.
The IESP’s funding has not been cut back significantly since 2012.
But that did not stop the institute from looking to the state government for funding.
Last month, the institute asked the state for an additional $500,000 to offset its funding cuts, and has also submitted a proposal to the Department for Universities to find a way to fund the institute.
The department has not yet responded to the institute, but Professor Sharma is confident that he will be able raise the funds needed.
“It’s the next step, and we’re very confident that we’ll be able fund the next round of grants,” he explained.
“There’s no question in my mind that this will happen.”
Professor Gupta said that the government’s move to cut funding to universities would be devastating.
“You would expect the federal and state governments to take the lead