Saturday, 18 February 2012

Education Budget

Manila Standard

If education is to play a key role in national development, the United Nations recommends an allotment of 6 percent of the country’s gross domestic product to basic education. The Philippines’ 2012 budget earmarks less than half that at 2.7 percent or P238 billion.

For the second straight year since his ascent into power, President Benigno Aquino III’s administration has consistently cut its investment in state universities and colleges. This year, 50 schools had their budget slashed by more than P500 million; 45 had a P250 million cut from their miscellaneous and other operating expenses budget; and 58 had their allotment for personnel services reduced by P400 million.

In the third quarter of 2011, all of the country’s premiere universities—private or public—slid several notches down the London-based Quacquarelli Symonds University World Rankings. Experts from the survey firm pointed to the cuts in government spending on education for the proportionate decline in the quality of education.

1 comment:

  1. The cuts in the budget for education are reasonable. Government does not have the solutions to problems. The problem with government especially in the Philippines is that it tries to solve problems and that's where problems worsen. Less government and more freedom to the common people and that will spur economic growth and eliminate poverty.