In February each year the University must submit a budget submission to the Government for the coming fiscal year. The document contains, among other things, an assessment of the University's financial development and strategic challenges over the next three years, and forms a basis for the Government's budgeting. The University Board decides on the budget submission before it is submitted.
The Government then submits its budget proposal for the coming year in the autumn – the Budget Bill – before a decision is taken the next year’s budget in December. The University and higher education institutions constitute a subset of the budget. Once the budget has been decided, the University receives its appropriation directions for the coming year. The Government establishes targets and financial frameworks for the University’s activities through these appropriation directions.
The University’s budget submission is mainly governed by the Annual Reports and Budget Documentation Ordinance (2000:605) and the annual appropriation directions.