Education takes first step to reduce reserves

Tekst Arno Kersten - Redactie Onderwijsblad - 8 oktober 2021 - 2 Minuten om te lezen

Image: Pixabay

At the end of last year, the regional partnerships for appropriate education had 160 million euros more in reserves than is required to absorb risks according to the inspection standard. That is 24 million less than late 2019. The number of organizations that exceed the capacity standard of the Education Inspectorate has also fallen slightly: from 137 in 2019 to 129 in 2020.

The Education Magazine calculated the reserves for each partnership on the basis of the new annual figures and, as in previous years, compiled an overview. The list shows that at the end of last year, 85 percent of the organizations were still above the signaling value: 67 in primary education and 62 in secondary education. The excessive amounts per partnership amount to 8 million euros; fifty organizations have more than a million euros above the norm in the bank.

See the full list of 151 partnerships

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Last year, the Inspectorate introduced new signaling values ​​to map out how much public equity education organizations need to absorb any risks. Whoever is above must be able to give a good explanation for that.

Over the past few years, the more than generous buffers at a large part of the institutions have caused a lot of fuss and irritation within and outside the House of Representatives. Education minister Arie Slob allowed the partnerships a plan to accelerate the reduction of reserves in the coming years.

Reserves for partnerships per sector

Source: DUO, editing Education sheet

The decreased reserves are roughly in line with the first step in that plan. Reason for Minister Slob to attend this week to conclude that partnerships are 'off to a good start'. Most of the money should come off the shelf in 2021 and 2022. According to their adjusted forecasts At the end of 2022, partnerships will have more than EUR 42 million left in possible excess reserves. At the end of 2023, just under 17 million will remain.

Exploitation result partnerships 2015-2020

School boards

The reserves at school boards also decreased last year, according to figures that Minister Slob to the House of Representatives at the end of September sent. Educational institutions in primary education wrote red numbers (more than 200 million) and saw their possibly excessive wealth fall from 906 million in 2019 to 677 million in 2020. Secondary education recorded a decrease from 288 million to 236 million.

Total public wealth above the signaling threshold in all education sectors combined, from primary education to university, fell from 1,45 billion in 2019 to 1,14 billion last year.

Possible Excessive Public Equity by Sector

Source: DUO, editing Education sheet

The Education magazine regularly reports on the financial reserves in education. Want to read more articles? Look here.