EDUCATION has been allocated €10.8bn in Budget 2019, Finance Minister Paschal Donohoe announced today.
While funding is up €674million (6.7pc) from 2018, the Irish Universities Association has warned it is not enough, as they warned of a growing crisis.
IUA Director General Jim Miley said is has "done very little to address the growing crisis in third-level funding."
According to the IUA, the allocation of €57m million in extra funding on top of existing commitments on national pay increases, "while welcome, only allows the system to tread water".
Mr Miley said bulk of the money was ring-fenced for specific purposes and does not deal with the core funding gap.
Commenting on the promise of f a Human Capital Initiative Fund in two years time, Mr Miley said it did nothing to address the current funding shortfall.
While the fund was welcome, "this amounts to no more than a future promise and does nothing to address the needs of the quarter of a million strong student population in our third level system", he said.
Mr Miley said state funding per student remained virtually unchanged "as the small allocation of extra funds is mopped up by increasing student numbers.
"State funding per third level student in Ireland at €5,000 is a fraction of that in Germany, Norway, the Netherlands, Sweden and Finland, countries with whom we are in competition for investment.
"It is a serious cause of concern that the government has not prioritised the education of the future workforce of the country. Third level funding is critical to generating the talent pool for the economy. Our future economic competitiveness will be eroded if the public funding deficit is not addressed.
"It’s patent nonsense for the Minister to continue to talk about having the ‘best education system in Europe by 2026’ while presiding over a funding regime that only provides a fraction of the funding per student of those best countries in Europe."
Here are ten other things that were announced in Budget 2019 for Education: