The university will now be able to use the revenue it generates for the expansion of the university and for research and other programs.
Balkh University Becomes ‘Financially Autonomous’
The Ministry of Higher Education (MoHE) has officially designated Balkh University as financially autonomous for the first time in the history of the university.
Balkh University will now benefit from the financial autonomy bylaw that allows designated public universities to generate and manage revenue from its professional and academic services.
The university will also be able to use the generated revenues for the expansion and development of the university and its educational programs, including research and innovation.
The US Agency for International Development (USAID), has supported Balkh University with technical expertise to reach this point.
USAID’s project with the university was through its University Support and Workforce Development Program (USWDP). They conducted an in-depth financial management study and shared the results with the university and the leadership of the MoHE.
In order to further improve the university’s capacity to operate as financially autonomous, USWDP provided training in public financial management and budget planning, helped to establish private bank accounts for receipt of new funds, and developed manuals and standard operating procedures for use by Balkh and other public universities.
“Balkh University is a perfect example of USAID’s help to organizations on the journey to self-reliance through sustainable development solutions,” said USAID Mission Director Herbie Smith.
“USAID is proud of Balkh University and the announcement of their financial autonomy,” he added.
Chancellor of Balkh University Mokamal Alkozai said: “As Balkh University is responsible for leading the academic services in the whole northern and north-east region, this status will enhance our ability to serve better. We thank MoHE leadership in trusting us with financial autonomy and we promise to deliver as per our responsibilities.”