At Queen’s University, we are committed to excellence in research and teaching. To continue delivering on our academic mission, we are tackling our financial challenges together.
In Spring 2023, Queen's announced a significant operating budget deficit. Similar to other Ontario universities, Queen's faces growing financial pressures due to the provincial tuition cut in 2019 and ongoing tuition freeze for Ontario students, decreased international student enrollment, and rising costs and inflation.
To address these challenges, the university is focused on measures to achieve a structurally balanced operating budget by the end of the 2025-2026 fiscal year.
Financial overview
Learn about the university’s finances, including revenues and expenses.
Financial overview
Operating budget deficit
Find detailed info on Queen’s financial challenges, including the factors contributing to our operating budget deficit.
Operating deficit
Returning to structural balance
Read about Queen's measures to address our budget challenges and to ensure a strong financial future.
Returning to balance
Gazette Articles
Oct 09, 2024
Review of graduate student funding announced
No changes to Queen’s Graduate Award until review is complete.
Oct 04, 2024
Queen’s Board of Trustees approves audited consolidated financial statement
Strong, one-time investment returns show 2023-24 surplus, but structural operating budget deficit still projected for 2024-25.
Sep 16, 2024
Balanced budget activities update
Queen’s continues to implement measures to address the operating budget deficit and strengthen our long-term academic mission.