A COMPARISON BETWEEN COUNTRIES MAKING EXPENDITURE ON EDUCATION AND THEIR ECONOMIC GROWTH
Expenditure on education, Economic development, GDP, Growth of the country.
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.
"A COMPARISON BETWEEN COUNTRIES MAKING EXPENDITURE ON EDUCATION AND THEIR ECONOMIC GROWTH", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.7, Issue 11, page no.410 - 424, November-2022, Available :https://ijsdr.org/papers/IJSDR2211065.pdf
Volume 7
Issue 11,
November-2022
Pages : 410 - 424
Paper Reg. ID: IJSDR_202560
Published Paper Id: IJSDR2211065
Downloads: 000347300
Research Area: Engineering
Country: Nadia, West Bengal, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
