Declining Commonwealth financial support in real terms for teaching and learning operations continues to place financial pressure on the University and has made it critical to broaden alternate revenue sources.
“The overall decrease in our operating revenue was partly offset by the continued willingness of our international students to study with us and we’re delighted the vast majority are able to be with us in person once again,” Professor Scott said.
“All universities face the challenge of rising costs and we are not immune to inflationary pressure, but are fortunate to be able to reinvest our surplus to support our core activities of teaching and research.
“This includes long-term capital expenditure on strategically important projects such as the development and construction of the Sydney Biomedical Accelerator and support for students such as those enrolled under the University’s new MySydney entry and scholarship scheme for underrepresented students. Both of these immediate commitments were made as part of the University’s 2032 Strategy.
“We also know our most important asset is our staff, and we are committed to providing the best overall conditions, including maintaining the highest salaries in the sector and expanding our academic workforce.”
The University is incredibly grateful for the continued substantial and valuable support of our generous donors, with $142.3 million pledged and investments generating an additional $27.9 million last year.
Semester 1 2023 census results
The University’s domestic undergraduate enrolments for first semester 2023 are similar to 2022, while domestic postgraduate numbers are 19 percent lower following a surge during the pandemic.
International enrolments for Semester 1 are 2 percent higher than our 2023 undergraduate international target, and 10 percent higher than our postgraduate international target.