The new Vice Chancellor of Economic Management of UACh denied that the university was bankrupt

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The new Vice Chancellor of Economic Management of UACh denied that the university was bankrupt

“It is not in a situation that we can call bankruptcy because, if that happens, it is because it is clear that in practice it stopped fulfilling its commitments, it stopped paying its creditors and that did not happen,” the institution says.

The new Vice Chancellor of Economic and Administrative Management at the Austral University of Chile, Pablo Hormazábal. He insisted that “the University continues to meet all its payments, with external suppliers and primarily to pay most of its commitment to workers.” Also, has fulfilled and will continue to do so, all academic commitments it includes those in the field of teaching with students and with third parties.

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However, the authority recognized that “the University is in a financial situation where it manages its flows and optimizes them, annually and monthly, in order to continue to fulfill its commitments.”

On the other hand, he explained that “Due to the economic deficit situation that the University has shown in the last two years and that the year 2022 is greater than the previous year, the Superintendency of Higher Education is present. to review through an inspection and create a report addressed to the University, where a financial plan to recover the economy is requested. This report will determine a diagnosis or identification of the economic and financial problems that the University has. All this is within the legal framework of the action that SES has.”

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These statements were issued by the new university authority in response to the statements of Senator Iván Flores who He accused the Rector’s Office of “incompetence” in solving the financial crisis of the UACh