The rector of the University of Los Andes in Venezuela, Mario Bonucci, has revealed the institution is operating on a monthly budget of less than $1,000. Bonucci criticized the government’s reliance on salary bonuses as a solution, suggesting they are insufficient to address the university’s financial crisis. He attributed the continuation of academic activities to the dedication and effort of the university’s staff. The university’s severe financial constraints highlight the broader economic challenges facing educational institutions in Venezuela. This situation raises concerns about the quality of education and the long-term viability of higher learning in the country. The rector’s statement underscores the urgent need for increased funding and sustainable financial solutions for Venezuelan universities. This news was originally published by EL NACIONAL.