The University of Calgary is freezing salaries for its senior leadership team including the president, vice-presidents and other senior officers.

"The salary freeze is in response to the current fiscal situation in the province of Alberta, and is consistent with recent changes in the public sector wage environment," said president Elizabeth Cannon in a written statement.

In its 2013 budget released two weeks ago, the province cut the University of Calgary’s operational budget by about $32 million, or seven per cent.

The university states that is equal to a nine per cent difference in funding when it includes the two per cent increase promised in the 2012 budget.

The one year salary freeze is effective on July 1 and is expected to save the university $500,000.