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Ahead of budget day, faculty associations warned that the government’s rumoured cuts to post-secondary education funding would be “devastating” for students. Reduced government support would force universities to scale back course offerings and student services as well as eliminate academic programs. This would lead to job losses, particularly among part‑time faculty.

Students from across the province mobilized and staged protests. Student unions warned that the proposed cuts could push tuition higher for students already struggling with affordability, worsen labour shortages in critical sectors like healthcare by reducing the number of graduates, and weaken local economies that rely on campuses.

The government is projecting a $19.7-billion deficit over the next three years. Finance Minister René Legacy said that efforts to reduce expenses and curb “continued structural increases” in the budget are only beginning.