At Queen’s University, we are committed to excellence in research and teaching. To support and advance our academic mission, we are tackling our financial challenges together.
In Spring 2023, Queen's announced a significant operating budget deficit. Since then, the university has made substantial progress in reducing its operating budget deficit. While encouraging, we continue to face financial challenges due to the 2019 provincial tuition cut and ongoing tuition freeze for Ontario students, the international student enrolment cap, and steadily rising expenses, all of which are being felt across the sector.
Queen’s has undertaken several cost-cutting measures and is implementing strategies to address its operating budget deficit.
Financial overview
Learn about the university’s finances, including revenues and expenses.
Financial overview
Operating budget deficit
Find detailed info on Queen’s financial challenges, including the factors contributing to our operating budget deficit.
Operating deficit
Addressing budget challenges
Read about Queen's measures to address our budget challenges and to ensure a strong financial future.
Returning to balance
Gazette Articles
May 21, 2025
Queen’s Board of Trustees approves 2025-26 budget
The university continues to address its financial challenges, aiming to reduce its operating budget deficit while supporting and advancing its commitment to academic and research excellence.
Apr 23, 2025
Province invests $750 million to boost STEM programs
Queen’s will receive $15.9 million to support Science, Technology, Engineering, and Mathematics programs, responding to a growing demand for skilled graduates in these fields.
Oct 09, 2024
Review of graduate student funding announced
No changes to Queen’s Graduate Award until review is complete.