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52
FRIDAY, SEPTEMBER 2, 1988
Hebrew Univ ersity
On Road To Recovery
New York (JTA) — After a
long struggle to overcome a
deep financial crisis, the
Hebrew University of Jeru-
salem is on the path to
recovery.
"We are now in the midst of
a process taking us out of the
crisis," said Professor Amnon
Pazy, the president of the
university. "We are beginning
to see the light at the end of
the tunnel, and at the same
time we are also growing and
developing new faculties and
new fields of research."
The 52-year-old Pazy, a pro-
fessor of mathematics who
was elected president of the
university last year, ex-
plained that all of Israel's
universities are having dif-
ficulties balancing their
budgets.
According to Pazy, Hebrew
University faced a $30
million deficit in 1985. Last
year, the university finished
the year with only a $17
million deficit, and the same
deficit is projected for this
year.
The 63-year-old university
has a yearly budget of $150
million; 50 percent is pro-
vided by the government. On-
ly 10 percent of the budget, or
$15 million, comes from tui-
tion. There are approximate-
ly 18,000 students who attend
the university.
The rest of the budget is
derived from money raised by
friends of the university
around the world, and from
investments and other
sources.
According to Pazy, the
university's economic woes
have multiple sources. First,
the government has drastical-
ly reduced its financial sup-
port of all universities, from
providing 80 percent of its
budget to only 50 percent.
At the same time, Pazy
pointed out, the universities
were not allowed to raise the
government-regulated
tuition.
"In order to balance our
budget, we were forced to bor-
row money from the banks.
And in Israel, as you probably
know, the interest rate is very
high, about 15 percent per
year," Pazy said, noting that
last year alone, Hebrew
University paid about $10
million in interest on its
debts.
In February, the university
embarked on a five-year
"recovery plan," which calls
for reducing the academic
staff by 15 percent and the ad-
ministrative staff by 20 per-
cent.
The plan also calls for rais-
ing about $100 million in the
next five years from friends of
the university in the United
States and elsewhere.
"This plan," Pazy said,
"provides only the minimal
means for the operation of the
university. The preservation
of our high standards and ex-
cellence under these less than
optimal conditions is a most
delicate and difficult task
which will have to be carried
out in the coming years."
Pazy said that while the
university's academic stand-
ing in the world is still high,
its financial difficulties, if not
successfully resolved, can
cause a great deal of damage
in the long run.
He warned that if a univer-
sity cannot absorb a new
generation of scientists and
The university is
facing a $17
million deficit,
down from $30
million in 1985.
researchers in all fields; if it
cannot afford the best in
equipment; and if its
libraries' shelves avoid the
latest books and publication
because of lack of funds, then
the damage may be for
generations to come.
At present, however,
Hebrew University can be
ranked with the best univer-
sities in the world. In the
fields of mathematics, Jewish
studies, Islamic studies,
economics and medicine, Pazy
said, "Hebrew U. is at the
top."
Pazy said the university
considers itself a "university
for the Jewish people," in-
cluding students from
overseas. As such, the univer-
sity has been developing its
Rothberg School for Overseas
Students, which was founded
18 years ago.
At present, the school has
some 2,200 students who are
mostly enrolled in one-year
and special summer and
winter programs.
The overseas students come
from over 50 different coun-
tries, Pazy said, including
Japan, Korea, Hungary,
Poland and China. Most, but
not all, of the students are
Jewish.
This year, Pazy said, the
school is offering special pro-
grams for groups of ohm from
the Soviet Union, Ethiopia
and Iran. The languages of in-
struction are English,
French, Spanish, and Russian