Tuesday, September 16, 2025

10 universities on verge of financial collapse need 4 billion pesos

Ten of Mexico’s public universities are on the brink of collapse, staff and government officials have warned, a situation that can only be resolved with emergency funding of 4 billion pesos (US $213.7 million).

The institution at most imminent risk is the Autonomous University of Morelos, which could collapse financially as soon as next week. Rectors at San Nicolás Hidalgo, Michoacán, and Tabasco have warned that their institutions could follow suit “in a matter of days.”

By November, the schools will be falling like dominoes: the universities of Zacatecas, Nayarit and Sinaloa will find themselves in a similar situation, said Antonio Guzmán Fernández, rector of the Zacatecas Autonomous University (UAZ), and Zacatecas congressman Alfredo Femat Bañuelos.

UAZ needs 200 million pesos ($10.7 million) to pay salaries and year-end bonuses for the remainder of 2018, and  a similar amount to pay taxes and social security.

The 4 billion pesos required to stave off the financial collapse can only be allocated by the federal Finance Secretariat whose chief, José Antonio González Anaya, has been summoned by a congressional committee to discuss  the situation on Wednesday.

Source: El Universal (sp)

Have something to say? Paid Subscribers get all access to make & read comments.
Culiacan

Threats of violence cancel ‘Grito’ celebrations in Sinaloa and Michoacán 

1
Mexico City's Iztapalapa borough will also forego celebrations out of respect for the deceased and injured in last week's gas explosion.
Jarritos truck sticks out from a sinkhole on a street in Mexico City

Sinkhole swallows Jarritos delivery truck in Mexico City

0
At least eight families living near the sinkhole have been asked to leave the immediate vicinity while authorities seek to identify the cause of the 8-meter deep crater.
crash in Yucatán

Highway accident west of Mérida kills 16, injures 2

0
A freight truck carrying beer, a passenger transport van and a private vehicle were involved in the crash on the Mérida–Campeche federal highway near the town of Kopomá, Yucatán.
BETA Version - Powered by Perplexity