Publication:
Education Finance Watch 2024

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dc.contributor.authorWorld Bank
dc.contributor.authorUNESCO
dc.date.accessioned2025-01-29T18:20:23Z
dc.date.available2025-01-29T18:20:23Z
dc.date.issued2025-01-29
dc.description.abstractTo achieve their national and international education goals, many countries need to invest more and better in their education systems. During the last decade, total education spending by governments, households, and donors globally has increased steadily, but this has not led to significant increases in allocations per child, especially in poorer countries with their growing populations. Total education spending per child has either decreased or stagnated globally. Additionally, the combination of the financial repercussions of the COVID-19 pandemic plus escalating global debt is likely to be limiting the ability of countries to augment their investments in education. Moreover, the strain on public education budgets in recent years has coincided with a 4 to 8 percentage point decline in minimum reading and math proficiency among 15-year-olds compared to 2018 pre-COVID levels in middle-income countries (OECD, 2023). In low-income countries (LICs), where data on educational outcomes are scarce, simulations suggest that the incidence of learning poverty, which was already high before 2020, is likely to have risen in the aftermath of the COVID-19 pandemic (World Bank et al., 2023). The current challenge in education finance is the need to mobilize more resources while at the same time increasing the adequacy, efficiency, and equity of funding in the face of tight fiscal space and competing priorities. Tackling the spending inefficiencies and inequalities that are common to many education systems will be vital to enable countries to make better use of their resources and strengthen the link between spending and education outcomes.en
dc.identifierhttp://documents.worldbank.org/curated/en/099102824144527868/P50097819250a00ce1812018168df2deaa3
dc.identifier.doi10.1596/42743
dc.identifier.doihttps://doi.org/10.1596/42743
dc.identifier.urihttps://hdl.handle.net/10986/42743
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectQUALITY EDUCATION
dc.subjectEDUCATION AND ECONOMIC GROWTH
dc.subjectEDUCATION SPENDING
dc.subjectEDUCATION ACCESS AND EQUITY
dc.titleEducation Finance Watch 2024en
dc.typeBrief
dspace.entity.typePublication
okr.date.disclosure2025-01-29
okr.date.doiregistration2025-04-14T11:48:57.575419Z
okr.date.lastmodified2024-10-28T00:00:00Zen
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099102824144527868/P50097819250a00ce1812018168df2deaa3
okr.guid099102824144527868
okr.identifier.docmidP500978-9250a0de-59ae-48ce-8120-8168df2deaa3
okr.identifier.externaldocumentum34415298
okr.identifier.internaldocumentum34415298
okr.identifier.report194369
okr.import.id6456
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099102824144527868/pdf/P50097819250a00ce1812018168df2deaa3.pdfen
okr.region.geographicalWorld
okr.topicEducation::Access & Equity in Basic Education
okr.topicEducation::Early Childhood Development
okr.topicEducation::Education Finance
okr.topicMacroeconomics and Economic Growth::Development Economics & Aid Effectiveness
okr.unitPeople - Education Global (HEDGE)
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