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Education Finance Watch 2021 (English)

To achieve national and international education goals, many countries will need to invest more in their education systems. During the last decade, government education spending has increased steadily, but the Covid-19 (coronavirus) pandemic has impacted public finances dramatically, and the prospects for maintaining these increases have deteriorated. But the education finance challenge is not only about mobilizing resources but also about improving the effectiveness of funding. Unfortunately, recent increases in public education spending have been associated with relatively small improvements in education outcomes. Although access to education has improved, 53 percent of ten-year-olds in low- and middle-income countries are unable to read and understand a short age-appropriate text (World Bank 2019). Tackling the large spending inefficiencies and inequalities common to many education systems will be vital in order to make better use of resources and strengthen the link between spending and education outcomes. This Education Finance Watch (EFW) is a collaborative effort between the World Bank and UNESCO’s Global Education Monitoring (GEM) Report. It draws together and summarizes the available information on patterns and trends in education financing around the world. The EFW will be published every year soon after the main annual release of public expenditure and development assistance data at the end of the year. Each EFW will follow a similar format and explore annual changes in the main sources of education funding (namely governments, households and development assistance). Each year the EFW also aims to shine a spotlight on an important education financing issue. The spotlight for this year's EFW is on the impact of Covid-19 and provides a snapshot of how education budgets are changing in response to the pandemic.

Details

  • Author

    Al-Samarrai,Samer, Cerdan-Infantes,Pedro, Bigarinova,Aliya, Bodmer,Juanita, Vital,Marianne Joy Anacleto, Antoninis,Manos, Barakat,Bilal Fouad, Murakami,Yuki

  • Document Date

    2021/02/22

  • Document Type

    Report

  • Report Number

    156905

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2021/02/22

  • Disclosure Status

    Disclosed

  • Doc Name

    Education Finance Watch 2021

  • Keywords

    education spending; Primary and Secondary Education; source of education fund; school-age child; expenditure per child; share of education spending; aid to education; public education spending; years of schooling; total government spending; income group averages; lower income countries; country income group; source of funding; cost of education; gross national income; resources for education; basis of information; percent change; domestic resource mobilization; changes in education; recent studies show; asian financial crisis; rate of growth; urbanized countries; school age child; global economic growth; total public spending; difference in population; data on primary; inequality in education; total education budget; aid for education; inequality between country; social protection program; quality of education; per capita income; Access to Education; response to emergency; ministries of education; use of resources; household survey questionnaire; primary school-age child; household education expenditure; right to education; education finance; Basic Education; education systems; household spending; education outcome; young person; school-age population; global education; education funding; government budget; budget increase; Education Financing; income quintile; school closure; data reporting; budget plan; international education; Donor countries; recent years; smaller share; Education Services; recipient countries; economic shock; government funding; aid allocation; richer countries; household income; education level; high share; available resources; government transfer; budget datum; household financial; school system; student mobility; short-term impact; in poverty; short term impact; government revenue; health shock; global poverty; imputed costs; Higher Education; average share; school participation; lower rate; negative growth; drop-out rate; financing source; education share; macroeconomic performance; high school; average change; good information; government source; income grouping; time lag; cross-country data; government expenditure; public budget; collected information; expenditure survey; education indicator; donor funding; significant challenge; global learning; annual budget; resource cost; quality datum; fiscal position; finance education; human capital; budget cut; mitigation measure; public expenditure; public finance; Education Quality; high spending; overall budget; increased spending; available data; several times; successful country; educational institution; limited revenues; youth population; enrollment rate; education change; fiscal space; conversion factor; vertical line; tertiary level; data limitation; better learning; data coverage; Learning and Innovation Credit

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Citation

Al-Samarrai,Samer Cerdan-Infantes,Pedro Bigarinova,Aliya Bodmer,Juanita Vital,Marianne Joy Anacleto Antoninis,Manos Barakat,Bilal Fouad Murakami,Yuki

Education Finance Watch 2021 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/226481614027788096/Education-Finance-Watch-2021