Finance Committee proposes self-financing universities from 2029

Deputy Adi Awwad, head of the Parliamentary Finance Committee, revealed a proposal to convert government universities to a self-funding system starting January 1, 2029, as part of the 2027 budget draft. The proposal is still under discussion and has not been finalized yet. It warns of potential disruptions resulting from exchange rate instability that could affect both universities and citizens, as universities will be required to independently cover their expenses instead of relying entirely on government funding.

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