Wednesday, January 21, 2026

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.
IED device laying on the ground

In 1 year, Michoacán authorities deactivated more than 1,600 improvised explosive devices

0
The number of improvised explosive devices (IEDs) located, seized and deactivated by state authorities in Michoacán more than doubled last year, indicating that criminal groups' use of the makeshift bombs is becoming more prevalent.
Head of IMPI Santiago Nieto Castillo sitting at a desk

Mexico leads LatAm in AI patents after IP office reports record year

0
According to the Mexican Institute of Intellectual Property (IMPI), last year it granted 972 patents to Mexican individuals, the highest figure in 30 years.
a bird

Climate change: Migratory birds are starting to abandon the state of Jalisco

0
A number of once-common species — such as the American grebe and the roseate spoonbill — simply aren't coming back anymore, due to the drying wetlands and rising temperatures in western Mexico.
BETA Version - Powered by Perplexity