In the proposal for National Budget for 2023, BI Norwegian Business School is allocated NOK 451.6 million. That is an increase of NOK 28.6 million compared with 2022.
“A stable economic framework and investment in competence are among the most important things Norway can do to secure jobs and our capacity for innovation and competition. It is important that the Government ensures an active policy to promote knowledge and competence and follow through with measures to develop an economy undergoing dramatic change, while ending coronavirus measures, says Karen Spens,” President of BI Norwegian Business School.
The Government proposes to allocate NOK 42.8 billion to the higher education sector in 2023. In real terms, this is an increase in 0.3 percent. It is an increase of NOK 6.7 billion since 2019, which was the last budget before extraordinary coronavirus measures. At the same time, NOK 1.1 billion is allocated to research, a decline in real terms from NOK 1.1 billion in 2022.
“After two pandemic years we are now almost back to normal. Nevertheless, we carry over and increase 2022 allocations. No budget has ever allocated more money to professional colleges, vocational schools, and universities. This shows that the government prioritizes research and education even when money is tight,” says Minister of Research and Higher Education Ola Borten Moe.
New proposals for the education sector
The Government proposes to introduce tuition fees for student from outside EU/EEA and Switzerland. The tuition will apply to students who complete their full education in Norway. In the same way that Norwegian exchange students can study for free in many countries, exchange students who come to Norway should not have to pay, according to the Government.
In order to adjust for inflation, the Government proposes to increase funding for the national grant scheme by NOK 85.3 million. They also budget for an additional 1650 units of student housing.
Changes in BI’s allocation
- Results based allocation in the open category (ECTS credits, graduates, exchange and PhD candidates): increase of NOK 17.7 million.
- Results based allocation in the closed category (EU funding, Research Council of Norway and regional research funds, income from commissioned research, and publication points): increase of NOK 0.4 million.
- Adjustment for inflation: increase of NOK 12.4 million.
- Other adjustments: reduction of NOK 1.8 million as a result of number of students, tuition outside EEA, and coverage for special initiatives.
Facts
- BI Norwegian Business School is an independent not-for-profit foundation whose exclusive purpose is education and research. All profits are used to strengthen BI’s education and research. Government support comprises around 20 percent of turnover.
- Financing of professional colleges and universities consists of different parts. One part is basic support, one is based results with no ceiling for the amount, and on is based on results and is distributed between institutions.