Allocation and distribution of budget and GDP in different ministries especially for education at federal and provincial level?
Answers
Answer:
While the Department of School Education has been allocated Rs 54,873 crore, down from Rs 59,845 crore in the previous budget, the allocation for the Department of Higher Education has gone down to Rs 38,350 crore from Rs 39,466 crore.
Answer:
In 2021-22, the Ministry has been allocated Rs 93,224 crore, the 8th highest allocation among all Ministries. The allocation constitutes 2.67% of the central government’s estimated expenditure for 2021-22.
The Economic Survey 2019-20 noted that the expenditure on education by the centre and the states as a proportion of the Gross Domestic Product (GDP) has been around 3% between 2014-15 to 2018-19.[1] The National Policy on Education 1968 recommended the spending on Education to be 6% of GDP. National Education Policy, 2020 (NEP) reaffirms the recommendation of increasing public investment on education to 6% of GDP.
In 2021-22, the Department of School Education and Literacy has been allocated Rs 54,874 crore, accounting for 59% of the Ministry’s total allocation. The Department of Higher Education has been allocated Rs 38,351 crore, accounting for 41% of the Ministry’s total allocation.