In 2016/17, the aggregate expenditure in the education sector was Ethiopian Birr (ETB) 88.6 billion in nominal value. When considering the rise in consumer prices since 2012/13, this amount only equates to ETB 61.1 billion.
Which country spend most on education?
Education Spending as a Percentage of GDP
Norway spent the most on education as a percentage of GDP at 6.4% followed by New Zealand at 6.3%, the United Kingdom at 6.2%, and the United States at 6.1 percent.
What percentage of GDP is spent on education?
While spending on education has increased in absolute terms since 2014-’15, it has remained stagnant at around 10.5% of the total government Budget and has only increased from 2.8% of GDP in 2014-’15 to 3.1% in 2019-’20, as per the government’s 2019-’20 Economic Survey.
How much is government spending on education?
The total education budget was slashed by 6 per cent from Rs 99,311 crore in 2020-21 to Rs 93,224 crore — the lowest in three years — with school education taking the biggest cut of almost Rs 5,000 crore. The allocation for higher education has decreased by roughly Rs 1,000 crore to Rs 38,350 crore this year.
Where does US rank in education?
The U.S. ranks 14th in the world in the percentage of 25-34 year-olds with higher education (42%). have an upper secondary education are just 29% — one of the lowest levels among OECD countries.
How much does Pakistan spend on education?
81.2 billion for the ongoing fiscal year, showing an imperceptible rise of around 2.5%. Pakistan’s public expenditure on education as a percentage to GDP is estimated at 2.3% in the fiscal year 2019-20, which is the lowest in the region.
How much of China’s GDP is spent on education?
List of countries by spending on education (% of GDP)
|Country or subnational area||Expenditure on education (% of GDP)||Year|
How much does the government spend on education 2020?
The President’s fiscal year 2020 Budget Request (the Request) includes $64.0 billion in new discretionary Budget Authority for the Department of Education, a $7.1 billion or a 10.0 percent reduction below the fiscal year 2019 appropriation.
Which state is spending more money on education?
Kerala has the highest literacy rate in the nation, above ninety percent. The way Kerala spends its education money is also strikingly different from the other states.
Education Spending: A Tale of Two States.
|Proportion of Income Spent on Primary Education by Households in the Lowest Income Quintile||2.5%||3.6%|
Where does the education budget go?
The annual state budget is put in place by the Legislature and the Governor.