Higher Education Medium Term Development Framework II
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| Spending Indicator Fiscal year FY06 FY07 FY08 FY09 FY10 Total Higher Education Recurrent Spending Rs Millions) 10,543 14,333 12,536 15,766 21,500 100% 100% 100% 100% 100% HEC Corporate Spending (Rs Millions) Percentage of Total Funding 310 284 250 315 350 2.94% 1.98% 1.99% 2% 1.63% University Grants (Rs Millions) Percentage of Total Funding 9,356 12,808 11,228 14,019 19,525 88.74% 89.36% 89.57% 88.92% 90.81% IUAA (Rs Millions) Percentage of Total Funding 535 590 517 706.141 825 5.10% 4.12% 4.12% 4.48% 3.84% Promotion of Research (Rs Millions) Percentage of Total Funding 342 650 541 726 800 3.20% 4.54% 4.31% 4.61% 3.72% 2. RECURRING BUDGET PROJECTION The above analysis provides useful information to build an expenditure estimate model for the 2010 – 2015 period covered in the current MTDF. A simple expenditure model consists of the following three main expenditure heads a. Faculty Salaries and allowances b. Staff Salaries and allowances c. All other university expenditures. It has been observed that the ratio of staff salaries to faculty salaries stays fixed around the 60% value while other university expenditures are proportionate to the salary expenditures and have stayed fairly constant at the 87% value. The following assumptions are made to build this expenditure model. Medium Term Development Framework 2011 - 15 Page 67 of 80 1. Student enrollment increases by 10% each year. 2. The student faculty ratio gradually increases from 23:1 currently to 25:1 at the end of five-year period. 3. The current average salary plus allowance amount per faculty member is Rs. 78,000 pm. This value increases by 8% per year to cater for salary and allowance enhancements and yearly increments. 4. To enhance university efficiency it is assumed that the staff salary to faculty salary ratio improves from 61% to 59% over the five-year period. With these assumptions, the following expenditure table (Table 16.4) is obtained. Download 1.35 Mb. Share with your friends:
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