The Dresden Academy of Fine Arts (HfBK) expects significant cutbacks starting next year due to budget reductions. Without a correction to the current financial trend, the university will “inevitably face an existential crisis,” the HfBK stated.
While funding for personnel expenses has kept pace with wage increases, subsidies for operational expenses and investments have remained virtually unchanged since the 2010s despite significant inflation, the university said. This has widened the gap between revenue and expenses.