The current economic and political situation in Greece has made its mark on every aspect of Greek society. Education could not be an exception to the rule. According to the published data on the 2014 budget, funding for the Ministry of Education for the coming year stands at a total of 4.587.329.000 Euros, down by 8.1%, corresponding to a net reduction of 400 million Euros.
Out of this budget, 876.873.000 Euros are allotted to Tertiary education and approximately less than 30% of it is investments in infrastructure, equipment and research. The numbers are significantly reduced from 2012; total funds were one billion Euros and earmarked funding for investments and research was higher by 40%.