Sandra Svaljek, Director General, Institute of Economics, Croatia, "Financial Management of a Public...
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1 Round Table Beyond the Crisis: Funding Research Universities in Economic Recession 3-4 December 2010 The Conference Hall of the Rectorate, University of Zagreb Financial Management of a Public Research Institute in Economic Recession Sandra Švaljek, The Institute of Economics, Zagreb
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The invited presentation of Dr. Sandra Svaljek, Director General of the Institute of Economics, Croatia, at the invitation of the University of Zagreb's UNESCO Chair of Governance and Management of Higher Education, at the 3-4 December Round Table "Beyond the Crisis: Funding Research Universities in Economic Recession" hosted at the University of Zagreb.
Transcript of Sandra Svaljek, Director General, Institute of Economics, Croatia, "Financial Management of a Public...
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Round Table
Beyond the Crisis: Funding Research Universities in Economic Recession3-4 December 2010
The Conference Hall of the Rectorate, University of Zagreb
Financial Management of a
Public Research Institute in Economic Recession
Sandra Švaljek,
The Institute of Economics, Zagreb
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The Institute of Economics, Zagreb at a glance
A public scientific institute Founded in 1939 Conducts scientific and development research in the field of
economics
± 65 employees□ 25 researchers□ 15 research assistants□ 25 employees in service departments
~ 60% of financing → public funds ~ 40% → commissioned projects
□ Clients: Ministries, state agencies and offices Units of local and regional self-government Public and private companies Croatian National Bank World Bank European Commission Other international organizations
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Events and publications
Events:□ Science Tuesdays
(public presentations of research findings and
discussions about current scientific topics)
□ Scientific conferences and workshops
Serial publications:□ Economic Trends and Economic Policy□ Croatian Economic Outlook Quarterly□ Croatian Economic Survey□ EIZ Working Papers
Other publications:□ Project studies□ Conference proceedings□ Books□ Methodological guidelines
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www.eizg.hrThe Institute of Economics, ZagrebTrg J. F. Kennedyja 7HR-10000 ZagrebTel: +385 1 2362 200Fax: +385 1 2335 165e-mail: [email protected]
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Financial position of the EIZ, 2005-2010
0
20
40
60
80
100
120
140
160
2005 2006 2007 2008 2009 2010
FUNDING FROM THE MINISTRY OF SCIENCE, EDUCATION AND SPORTS
REVENUES FROM PROJECTS
Figure 1: Revenues from MSES and revenues from projects, 2005=100
From 2005 to 2010 total funding of the Institute was relatively stable, but the stability of revenues was preserved mainly thanks to the increase of funding from the Ministry of Science, Education and Sports.
Revenues from projects have sharply declined, and so has their ratio in total revenues.
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Financial position of the EIZ, 2005-2010
81.0 83.7 87.4 87.6 88.7 89.60%
20%
40%
60%
80%
100%
2005 2006 2007 2008 2009 2010
Salaries and other expenses of the personnel Operating costsResearch projects Journals and scientific equipmentOther revenues
Figure 3: Structure of the funding from the Ministry of Science, Education and Sports
However, the structure of funding from the MSES has changed – an increasing share of funding from MSES was dedicated to salaries and other expenses of the personnel
Funding for the procurement of journals and scientific equipment has disappeared, while funding for research projects became negligible
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Financial position of the EIZ, 2005-2010
0
20
40
60
80
100
120
140
160
180
200
2006 2007 2008 2009 2010
MINISTRY OF SCIENCE, EDUCATION AND SPORTS
State budget sources (ministries, agencies)
Business sector and public companies
Non-profit institutions, chambers, associations (Local gov. Budget included)
EU funds and other international institutions
Figure 3: Funding of the research projects, 2005=100
Structure of the funding of the research project was strongly affected by the recession.
Funding from the state budget sources, MSES and business sector declined significantly.
Funding from EU funds and other international institutions remained quite stable.
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Procurement of journals and books
YearTotal
foreignCovered by
MSESTotal
nationalTotal
journals
2005 167 78 88 167
2006 100 56 67 167
2007 92 56 66 158
2009 86 0 65 151
Means of procurement
/ Year Purchase Gift/ExchangeOwn
publication TotalProcured in
total
2005 219 259 3 481
2006 133 158 0 281
2007 139 153 2 294
2008 119 69 3 188
2009 62 110 3 173
Total 672 749 11 1417 2849
Due to much scarcer financial resources the Institute had to cut its costs
Procurement of journals and books had to be reduced accordingly
Other costs have been reduced, too (procurement of equipment, maintenance, telecommunication services etc.)
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What have we learned from crisis?
Production of publications per researcher is positively correlated with the funding of research projects per researcher
Therefore, stability of research funding has to be preserved regardless of the phase of the business cycle
The Institute has to potential to compete for more stable international sources of research funding and has to invest further in its capacity to engage in international research projects
The Institute has to establish stronger links with the business community
