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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | A COMPARISON BETWEEN COUNTRIES MAKING EXPENDITURE ON EDUCATION AND THEIR ECONOMIC GROWTH |
| Authors Name: | Sanjay Basu |
| Unique Id: | IJSDR2211065 |
| Published In: | Volume 7 Issue 11, November-2022 |
| Abstract: | It has also been seen that in the year 2021-22 the budgetary allocation of India for educational expenditure was a lot less than that the GDP of this country which was 3.1 %. This included the budgetary allocation done by combining both Union government and the state governments. On the other hand, in the case of Malaysia in the year 2018, their spending on educational development was 19.64%. This has been decreased from their education spending of 2017 which as 20.31%. Therefore, it can be said that the Malaysian government is ahead of the Indian government in terms of expenditure on education. In the case of USA, there is not a lot of governmental expenditure in the case of education and that can be considered as around 3.41% of the income of Taxpayers. The publicly supported schools of USA that are attended by the students prior to their college receive $60.34 billion in total or $1,193 per student as per the record of 2022 from the federal government. In addition to that, in case of states, they contribute around $357.0 billion to the complete public education system of K-12 schools in total or $7,058 per pupil. Lastly, in the case of China their central governments, regional and local governments are considered as their general government. It can be found that as of 2019, their education spending was 10.60%, which has declined by 0.7% and became 10.53% in the year 2020. In this research work the analysis and evaluation of different countries based on their educational expenditure is going to be conducted and in this process, secondary data will be collected from various sources for achieving an accurate and non-biased result. |
| Keywords: | Expenditure on education, Economic development, GDP, Growth of the country. |
| Cite Article: | "A COMPARISON BETWEEN COUNTRIES MAKING EXPENDITURE ON EDUCATION AND THEIR ECONOMIC GROWTH", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.7, Issue 11, page no.410 - 424, November-2022, Available :http://www.ijsdr.org/papers/IJSDR2211065.pdf |
| Downloads: | 000314591 |
| Publication Details: | Published Paper ID: IJSDR2211065 Registration ID:202560 Published In: Volume 7 Issue 11, November-2022 DOI (Digital Object Identifier): Page No: 410 - 424 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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