22
(c)
more importantly, there is an urgent need for the institutions to adopt a realistic and pragmatic approach to the very real problems inherent in the implementation of the expansion.
For its part, the UPGC will assume a continuing overall monitoring function. If necessary, the funding mechanism will be used to provide incentives and disincentives, where these are considered appropriate.
FINANCIAL IMPLICATIONS
31.
Estimates of the cost of implementing the UPGC's recommendations, in terms of both recurrent and capital requirements, are set out in paragraphs 32 38 below, and compared with the broad estimates which were
were provided in
support of the ExCo scenario.
Recurrent Requirements
32.
In January 1990, the UPGC concluded that, to tie in with the expansion for the period 1991-95, recurrent grants to the institutions should be assessed on the basis of a single year for 1991-92, with the next triennium running from 1992-95. These arrangements were subsequently approved by the Government and
and notified to the institutions, which will be required to submit their costed estimates for 1991-92 by mid-1990, for consideration by the UPGC in September, and to follow a similar timetable for the 1992-95 exercise the following year.
33.
to ensure
During the grant assessment exercises, the Committee will review the methodology it uses, that the institutions are provided with adequate resources