Germany's €13M Budget Cut Threatens International Scientific Collaborations

Germany's €13M Budget Cut Threatens International Scientific Collaborations

30 Aug, 2024

Germany's €13M Budget Cut Threatens International Scientific Collaborations

Academics are voicing strong concerns over a planned €13 million reduction in funding for the German Academic Exchange Service (DAAD) proposed in the 2025 draft budget. The DAAD, which is set to celebrate its 100th anniversary in 2025, has warned that this significant cut will severely impact its ability to award scholarships to international students and support global academic partnerships. The reduction threatens to undermine Germany's commitment to international academic cooperation, as outlined in its coalition agreement, which had promised a 3% annual increase in DAAD’s funding.

The draft budget would decrease DAAD’s basic funding to €205 million, a notable drop from €218 million in 2024, and return the funding level to that of 2021. This comes at a critical time when the DAAD is expanding its responsibilities to include support for refugee academics due to global crises. Additionally, the Alexander von Humboldt Foundation faces a 3.5% cut in its federal funding, further straining Germany’s international scientific collaboration efforts.

The proposed cuts have drawn criticism from university leaders and experts who argue that reduced funding will hinder Germany’s ability to lead in global research and innovation. The draft budget still requires approval from the Bundestag, with DAAD and other affected organizations preparing to address the potential impacts.

 


Related News

Donald Trump A Threat to German Business and Economic Stability

18 Nov, 2024

 German business leaders have faced a tough few years, with…
Read More
Germany's Scholz Hosts Business Summit to Address Rising Power Costs

15 Nov, 2024

German Chancellor Olaf Scholz will host a significant summit with…
Read More
L&T Expands AI and Data Centre Reach with E2E Networks Deal

07 Nov, 2024

Stay ahead with the latest corporate insights in our Company…
Read More
Asia-Pacific Conference of German Business: Bridging Opportunities in India

28 Oct, 2024

Minister of Economic Affairs Robert Habeck officially opened the 18th…
Read More
Voestalpine Reorganizes Automotive Component Business Operations Across German Sites

21 Oct, 2024

Voestalpine, the Austrian specialty steelmaker, announced a significant reorganization of…
Read More
FPT Expands European Presence with New Office in Nuremberg

30 Sep, 2024

 FPT Expands European Presence with New Office in Nuremberg Global…
Read More

© 2024 Business International News. All rights reserved | Powered by Cred Matters.