UCC finances on road to recovery

THE country’s second-largest university has started on the road to recovery from a budget deficit which has climbed to €13 million in the past few years.

University College Cork (UCC) has balanced its books for the 2007/2008 academic year according to recently-finalised accounts.

The college’s president Dr Michael Murphy said there might even be a small surplus, which would be the first such good news for UCC since 2002.