The Programme will be funded from all types of revenues generated by the University as per the HSE University’s Financial and Economic Plan, approved annually following set procedures.
Overall, the growth of HSE University’s income as compared to that in 2018 will come to the following: 176% in 2024 and 236% in 2030 (state capital investment not included), including the growth in extra-budgetary income, i.e., 231% in 2024 and 316% in 2030.
Overall dynamics of extra-budgetary income will outpace the growth of budget funding: the percentage of extra-budgetary income in the HSE University’s overall income will increase from 44% in 2018 to at least 50% in 2024 and at least 55% in 2030. The growth of extra-budgetary income will grow out of the expansion of both HSE University’s reach across traditional markets and entry into new (as compared to 2018) markets, as well as adoption of new products, - its percentage in HSE University’s total income will go up from 6.5% in 2018 to 30% in 2030.
Generally forecast dynamics and composition of the University’s income is specified in the table below:
Planned Dynamics and Composition of HSE University’s Income (million roubles)*
|Subsidies from the federal budget,
|state assignment (education)||7,712||7,944||8,604||8,656||9,090||9,442||11,890|
|state scholarship allocations||502||525||542||560||583||612||658|
Tuition-based educational services (extra-budgetary revenue),
|under degree programmes||3,894||4,952||5,966||6,910||7,527||8,667||10,462|
|under network partnerships with other universities||0||3||41||100||140||180||844|
under continuing education programmes,
|continuing professional development||1,183||1,190||1,450||1,910||2,400||4,000||6,000|
|from learners in online courses||50||55||170||420||576||1320||2500|
|pre-university training programmes||289||258||270||283||297||328||393|
|Secondary general education (extra-budgetary revenue)||293||341||309||387||406||448||470|
|Subsidies from federal budget (state assignment for research)||1,974||2,305||2,434||2,321||2,403||3,640||5,900|
|R&D-generated extra-budgetary revenue (including grants from scientific funds)||1,889||2,431||2,349||2,530||2,826||4,000||6,000|
|Funds from target programmes
(received following competitions) **
|Other types of revenue||2,813||2,958||2,726||2,611||2,871||3,626||4,096|
|Subsidies from federal budget earmarked for overhaul of federal property||781||1006||996||996||996||996||996|
|Donations and funds from the HSE Endowment Fund||623||799||691||620||680||800||1,000|
|Other extra-budgetary target revenue||785||260||403||330||330||330||400|
|Other extra-budgetary revenue||624||893||636||665||865||1,500||1,700|
(excluding state capital investment),
|as funded from the federal budget||10,969||11,780||12,576||12,533||13,072||14,690||19,444|
* Volumes of allocations from federal budget (subsidies for financing state assignments, target subsidies for scholarships and overhaul of federal property) in 2018-2019 are specified as per actual indices; in 2020–2022 — as per limits foreseen by Federal Law No. 380-FZ, dated December 02, 2019 “On Federal Budget for 202n 2021 and 2022”. The indicators for federal allocations for 2021 and 2022 and further will be adjusted as per decisions made in the course of the budget process, following the procedures established by Russian law. The volume for financing state assignments for educational services for the period after 2020 has been estimated on the bases of forecast dynamics in student population in government-funded places, factoring in estimated costs drawn from standards which are currently in effect, as approved by Ministry of Science and Higher Education of the Russian Federation. The volumes of state capital investment in construction and re-construction of proprietary assets will be planned and implemented as per parameters of federal budget for subsequent year. The indicators for 2019 are estimated in nature and can be further amended after the release of the yearly accounting balance sheet.
** Including subsidies, as foreseen by Russia’s Ministry of Science and Higher Education and other state clients, on the basis of an open competitive selection of proposals for federal projects and programmes (e.g., Project 5-100, programme for creating international laboratories under supervision of top world-class scientists at Russian academic institutions (p220), federal projects aimed at establishing international centres for training in mathematics, “Digital University”, etc.).
HSE University will earmark at least 25% of its total revenue (excluding target subsidies) for the implementation of projects (developmental projects), as envisaged by the Programme. Key areas of spending for the development projects are as follows: expansion of the specter and volume of academic research (25-30%), potential staff development (15–20%), upgrade of the educational model (15–20%), digital transformation (5–10%), and infrastructure (10–15%). Overall, the composition, volume and sources for reimbursement of costs incurred through the Programme will be determined when drafting the HSE University’s Plan for Financial and Economic Activities for the given period.
The University will ensure significant improvements to its internal efficiency, primarily owing to the implementation of digital technologies and increase in the proportion of new products in education, along with research developments. Revenue per full-time equivalent (FTE) will go up from 2.95 million RUB in 2018 to no less than 4 million RUB in 2024, and no less than 5 million RUB in 2030.
One of the major economic effects achieved by the Programme will be a pay raise for faculty and researchers to a level enabling the University to maintain its leadership on the Russian academic job market, while also ensuring competitive conditions for hiring teachers and academics from the international market. The target tentative indicator for the proportion of average salary for in-house academic staff at HSE University to the average salary in Moscow (at the expenses of all sources) shall come to: 300% in 2024, and 330% in 2030, respectively. The transition to this pay level will coincide with consistent improvements to the stability and sustainability of the in-house staff’s salaries at the University (i.e., increasing the proportion of fixed component in a pay, extending the term for receiving stimulating bonuses, etc.) Respective initiatives are hereby specified in Section 8 “Development of Staff Potential” under the Programme.
In general, achieving the set funding indicators for the Programme will almost entirely depend on the independent activity of the University on field-specific markets (including volume of government-funded educational services and related budgetary allocations, which depend solely on the University’s performance under the current system of normative per capita funding). However, the overall dynamics will also hinge on the founder’s position with respect to the following areas of resource supplies for the University:
- consistent increase by 2030 in regards to the volume of state assignments given to HSE University for scientific research – up to a level, comparable with 50% of state assignment for educational services, which translates into maintaining this revenue in the University’s revenue composition (excluding the target subsidies for overhaul works and state capital investments) at its current level (11–14%);
- undertaking measures with respect to the development of the University’s property infrastructure with the meeting the indicators for HSE University’s provision of lecture halls/classrooms and laboratories to the median level in the sector (16 sq. m. per student) and dormitories to 20,000 places (50% of enrolment). In turn, the University shall make provisions for co-financing this programme from its own income at an equivalent of 200-400 million RUB per year (primarily, in terms of providing the spaces with furniture and spaces), but objectively it does not have the sufficient resources to meet the goal of providing proper infrastructure on its own (see Section 13 “Economic Model for Development” of the Programme).