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The Canberra Times

National

Sarah Lansdown

ANU turns expected deficit into healthy surplus

Lachlan Clohesy Australian National University

Australian National University vice-chancellor Brian Schmidt oversaw the university's COVID-19 recovery plan which cut 467 full-time equivalent staff. Picture: Elesa Kurtz

The Australian National University has turned an expected $17.7 million deficit into a net $232.4 million surplus in 2021 after it slashed hundreds of jobs in response to the COVID-19 pandemic.

The university had an operating surplus of $30.2 million in 2021, after the university budgeted for an operating deficit of $120.5 million.

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