{"id":17509,"date":"2012-04-26T06:33:51","date_gmt":"2012-04-26T04:33:51","guid":{"rendered":"https:\/\/uniavisen.dk\/?p=17509\/"},"modified":"2017-01-21T01:42:28","modified_gmt":"2017-01-21T01:42:28","slug":"politicians-critical-of-university-cash-stash","status":"publish","type":"post","link":"https:\/\/uniavisen.dk\/en\/politicians-critical-of-university-cash-stash\/","title":{"rendered":"Politicians critical of University cash stash"},"content":{"rendered":"

Danish politicians don’t like the idea that universities are accumulating large capital reserves. This is after universities, including the University of Copenhagen, reported large profits on their annual accounts in this<\/a> and other media. <\/p>\n

The country’s eight universities uphold a capital reserve of between 14 and 52 per cent of the turnover, more than DKK 6bn, writes the Danish left-of-centre daily Information. The University of Copenhagen took home a profit of DKK 335m, in a period when universitues have complained about a perceived lack of government funding security.<\/p>\n

\u00bbI wonder how it is possible to save up so much money. We are looking at this with seriousness. But it shows that it is still possible to carry out research and education at a high level within the current budgets,\u00ab says Minister of Research Morten \u00d8stergaard of the governing Social Liberals.<\/p>\n

Director sent out press release<\/h2>\n

Other party spokesman are also critical. <\/p>\n

The University of Copenhagen’s director J\u00f8rgen Honor\u00e9 has responded to the criticism in a press release.<\/a><\/p>\n

\u00bbRight now the case is this. Nobody knows what the university finances will look like in the coming years, and whether the globalisation pool [government fund for research, ed.] will be continued. If this hole in our treasury box is not filled up, the University of Copenhagen will only be able to afford to cover the lack of funding for one year.\u00ab <\/p>\n

Yo-yo economy<\/h2>\n

\u00bbSo there is no money in the till. As long as politicians, year after year continue to not make a long term framework for university finances, it is irresponsible not to have capital reserves,\u00ab he says.<\/p>\n

He adds that we cannot have a \u00bbyo-yo economy with annual rounds of staff cuts, when there is the prospect of a financial downturn.\u00ab <\/p>\n

miy@adm.ku.dk<\/p>\n

Stay in the know about news and events happening in Copenhagen by signing up for the University Post\u2019s weekly newsletter here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The money that universities have in capital reserves should be used on research and education, say politicians, as they wake up to reports of big profits. University director defends the ‘money bank’ in a press release<\/p>\n","protected":false},"author":12,"featured_media":17512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-17509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","expression-news_article"],"acf":[],"aioseo_notices":[],"yoast_head":"\nPoliticians critical of University cash stash<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniavisen.dk\/en\/politicians-critical-of-university-cash-stash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Politicians critical of University cash stash\" \/>\n<meta property=\"og:description\" content=\"The money that universities have in capital reserves should be used on research and education, say politicians, as they wake up to reports of big profits. University director defends the 'money bank' in a press release\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniavisen.dk\/en\/politicians-critical-of-university-cash-stash\/\" \/>\n<meta property=\"og:site_name\" content=\"University Post\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uniavis\" \/>\n<meta property=\"article:published_time\" content=\"-0001-11-30T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-21T01:42:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniavisen.dk\/wp-content\/uploads\/2012\/04\/img_0572-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MIGRATED_ARTICLES FROM_OLD_SITE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Uniavisen\" \/>\n<meta name=\"twitter:site\" content=\"@Uniavisen\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MIGRATED_ARTICLES FROM_OLD_SITE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/\"},\"author\":{\"name\":\"MIGRATED_ARTICLES FROM_OLD_SITE\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/#\\\/schema\\\/person\\\/b4df0b22f9be3943039e58e94c400606\"},\"headline\":\"Politicians critical of University cash stash\",\"datePublished\":\"-0001-11-30T00:00:00+00:00\",\"dateModified\":\"2017-01-21T01:42:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/\"},\"wordCount\":325,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/uniavisen.dk\\\/wp-content\\\/uploads\\\/2012\\\/04\\\/img_0572-1.jpg\",\"articleSection\":[\"Politics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/\",\"url\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/\",\"name\":\"Politicians critical of University cash stash\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/uniavisen.dk\\\/wp-content\\\/uploads\\\/2012\\\/04\\\/img_0572-1.jpg\",\"datePublished\":\"-0001-11-30T00:00:00+00:00\",\"dateModified\":\"2017-01-21T01:42:28+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/#\\\/schema\\\/person\\\/b4df0b22f9be3943039e58e94c400606\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/uniavisen.dk\\\/en\\\/politicians-critical-of-university-cash-stash\\\/#primaryimage\",\"url\":\"https:\\\/\\\/uniavisen.dk\\\/wp-content\\\/uploads\\\/2012\\\/04\\\/img_0572-1.jpg\",\"contentUrl\":\"https:\\\/\\\/uniavisen.dk\\\/wp-content\\\/uploads\\\/2012\\\/04\\\/img_0572-1.jpg\",\"width\":1600,\"height\":1200,\"caption\":\"Faculty of Humanities at the University of Copenhagen. 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Politicians don't like the idea, that the institution is hoarding money","caption":"Faculty of Humanities at the University of Copenhagen. 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University director defends the 'money bank' in a press release","use_post_excerpt":false},{"acf_fc_layout":"Byline","is_author":false,"contributors":[{"use_registered_user":false,"user":false,"contributor_name":"Mike Young","contributor_title":" ","contributor_image":false}]},{"acf_fc_layout":"Content","content":"<p>Danish politicians don’t like the idea that universities are accumulating large capital reserves. This is after universities, including the University of Copenhagen, reported <a href=\"node\/14436\">large profits on their annual accounts in this<\/a> and other media. <\/p>\n<p>The country’s eight universities uphold a capital reserve of between 14 and 52 per cent of the turnover, more than DKK 6bn, writes the Danish left-of-centre daily Information. The University of Copenhagen took home a profit of DKK 335m, in a period when universitues have complained about a perceived lack of government funding security.<\/p>\n<p>\u00bbI wonder how it is possible to save up so much money. We are looking at this with seriousness. But it shows that it is still possible to carry out research and education at a high level within the current budgets,\u00ab says Minister of Research Morten \u00d8stergaard of the governing Social Liberals.<\/p>\n<h2>Director sent out press release<\/h2>\n<p>Other party spokesman are also critical. <\/p>\n<p>The University of Copenhagen’s director J\u00f8rgen Honor\u00e9 has responded to the criticism in a <a href=\"http:\/\/nyheder.ku.dk\/alle_nyheder\/2012\/2012.4\/oekonomi\/\">press release.<\/a><\/p>\n<p>\u00bbRight now the case is this. Nobody knows what the university finances will look like in the coming years, and whether the globalisation pool [government fund for research, ed.] will be continued. If this hole in our treasury box is not filled up, the University of Copenhagen will only be able to afford to cover the lack of funding for one year.\u00ab <\/p>\n<h2>Yo-yo economy<\/h2>\n<p>\u00bbSo there is no money in the till. As long as politicians, year after year continue to not make a long term framework for university finances, it is irresponsible not to have capital reserves,\u00ab he says.<\/p>\n<p>He adds that we cannot have a \u00bbyo-yo economy with annual rounds of staff cuts, when there is the prospect of a financial downturn.\u00ab <\/p>\n<p>miy@adm.ku.dk<\/p>\n<p><em>Stay in the know about news and events happening in Copenhagen by <a href=\"http:\/\/universitypost.dk\/newsletter\" target=\"_blank\">signing up for the University Post\u2019s weekly newsletter here<\/a>.<\/em><\/p>\n"},{"acf_fc_layout":"ArticleEnd"},{"acf_fc_layout":"OtherStories","headline":"","hand_picked_posts":false,"references":false,"category":false,"theme":false,"number_of_posts":"4","style":"default"}]},"taxonomyData":{"category":[{"term_id":48,"name":"Politics","slug":"politics","term_group":0,"term_taxonomy_id":48,"taxonomy":"category","description":"","parent":0,"count":1036,"filter":"raw"}],"post_tag":[],"post_format":[],"expression":[{"term_id":15,"name":"News Article","slug":"news_article","term_group":0,"term_taxonomy_id":15,"taxonomy":"expression","description":"","parent":0,"count":11496,"filter":"raw"}],"translation_priority":[]},"featured_media_url":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2012\/04\/img_0572-1-1280x960.jpg","_links":{"self":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts\/17509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/comments?post=17509"}],"version-history":[{"count":1,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts\/17509\/revisions"}],"predecessor-version":[{"id":35941,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts\/17509\/revisions\/35941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/media\/17512"}],"wp:attachment":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/media?parent=17509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/categories?post=17509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/tags?post=17509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}