Students at the University of Winnipeg can expect to pay higher tuition in the fall.

The University of Winnipeg's Board of Regents approved an operating budget of $120 million for the 2014-2015 fiscal year Monday night.

The budget is being balanced through measures like delaying hiring for vacant positions, larger class sizes and administrative restructuring.

Tuition costs will go up 2.4 per cent as mandated by the provincial government. That amounts to about $47 more annually for the average student.

The University of Winnipeg said tuition fees in Manitoba remain approximately 36 per cent below the national average.