CHED to encourage state schools to engage in income generating projects
MANILA, June 3 (PIA) – The Commission on Higher Education (CHED) will encourage state universities and colleges (SUC) to engage in “income generating projects (IGPs)” to augment their budget, as government budget allocation for higher education was reduced last year.
“These are hard times all around and government is really tightening its belt. I understand why we cannot give a bigger budget to higher education,” CHED Chairperson Dr. Patricia Licuanan said.
“So what is the solution since higher education is obviously very important?”
“We have realized (and CHED is moving onto this), that SUCs have a lot of assets but they don’t know how to use this well,” she said.
“We are undertaking a project where we will have an inventory of the assets of SUCs, then we will get experts to help these SUCs develop these assets so they can be a bit more economically sustainable institution,” Licuanan said.
Dr. Licuanan was guest, together with Atty. Tonisito Umali, Department of Education spokesperson at the Communication and News Exchange Forum (CNEX)/Talking Points sponsored by the Philippine Information Agency in cooperation with the Philippine Communications Operations Office.
She said that SUCs cannot rely anymore totally on government. In fact, some SUCs already have income-generating projects, and they are allowed to use this income for their own operation, she added.
Thus, CHED wants this strategy to be adopted by other SUCs. She said that the CHED wants that the opportunity to go into IGPs are distributed, and not only limited to those that have entrepreneurial skills.
“We want to help everybody at the same time,” she said.
Licuanan, however, admitted that there is currently no definite system in place yet to monitor the funds, which may be misused by some SUCs. She said that this will be very much the responsibility of the board of regents. CHED sits in the said body.
“It’s a double-edged sword,” she said. “We have to watch out for that.” (PND GGPIA-GHQ/PIA-MIMAROPA/Louie)