Manitoba Budget 2024 offers increase to operating funding, support for health expansion
Every dollar spent by the provincial government at UM generates a return of $4.10
The Manitoba government released its budget April 2, which includes increased operating funding of 2 per cent to UM. There are also investments that will allow UM to increase enrolment in a number of critical health care areas.
As Manitoba’s only medical-doctoral university, UM welcomes the province’s commitments to health care education and at the Rady Faculty of Health Sciences. The provincial government has committed $26.6 million for more medical doctor training seats. Investments are critical to ensuring the province can implement a robust and home-grown response to Manitoba’s health workforce needs.
“The University of Manitoba – its students, researchers, and alumni – has a significant impact on the economic and social prosperity of the province,” says Michael Benarroch, President and Vice-Chancellor. “Our university has a plan to address our province’s health care challenges and we look forward to working with the government to achieve this, together.”
The University of Manitoba generates $7.3 billion in total static and dynamic economic activity. Every dollar spent by the provincial government at UM generates a return of $4.10. “The University of Manitoba is the university for Manitoba. The ideas, solutions and talents developed on campus will generate positive returns for our province for years to come, adds Benarroch.
“We know if there are increased investments in research, UM can continue to attract the best and brightest to develop innovations that will make an impact on the global stage.”
UM recognizes that the provincial government is facing a number of fiscal challenges. The post-secondary sector in Canada is also facing an uncertain environment, but for UM to remain the university for Manitoba, it must continue to provide high-quality learning, research opportunities and be accessible to all Manitobans. UM will continue to work with the province and other levels of government for sustainable and predictable investments for operations and infrastructure.
UM is now reviewing budget information received from the Province of Manitoba. Following that, it will move forward with finalizing UM’s 2024-25 budget which goes to the Board of Governors for approval in May and will subsequently be shared with the broader community.