+ The current financial year is a tough one for academic libraries, with 34.7% of institutions receiving a total library budget that is at least 5% smaller than the previous year (excluding inflation).
+ The outlook in two years’ time is mixed, with 31.4% expecting their total library budget to be smaller than in the current financial year, 40.1% about the same, and 28.4%
expecting an increase.
+ Overall, resource budgets are more vulnerable than personnel, services or infrastructure, with monographs and print journals being the most vulnerable to cutbacks.
+ When trimming their resources budget, libraries were least likely to cut e-books, followed by electronic-only serials and database subscriptions.
+ 52.5% of libraries view the acceleration of print to digital as the most effective option for balancing their budgets, with subscription as the most popular method.
A total of 800 libraries (academic, government, public, and others) from around the world participated in the study.
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