Budget for HEC increased to Rs 65 billion for FY 2024–2025
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Based on the information provided, the Minister of Finance changed the directive to remove Rs 40 billion from the HEC’s budget for the 2024–2025 fiscal year and reinstate the
Concern among educational institutions and others was prevalent when the HEC’s budget was cut earlier this year from Rs 65 billion to just Rs 25 billion.
Concerns were expressed regarding the future of higher education and development initiatives around the country due to the substantial budget cut.
Thanks to the work of the Prime Minister, the Chairman of the Ministers of Finance and Education and Planning, the budget for learning and development has been reinstated.
Nevertheless, the Ministry of Finance has reversed course and restored the 65 billion rupee budget from the previous year. In order to reverse the budget cut, the Prime Minister, the Chief Ministers, and other important players were thanked by the Chairman of HEC.
The Chairman stated, “There was a troubling situation regarding the HEC budget for a long time.” Nevertheless, the budget for learning and development has been reinstated thanks to the coordinated efforts of the prime minister, the minister of finance, and the minister of education and planning.
The Budget Wing of the HEC will get the Rs 65 billion budget, as suggested by the Ministry of Finance, guaranteeing the continuation of development projects and educational programs free from additional financial limitations.