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FINANCING EDUCATION: SCHOOL FINANCE IN NEPAL

Presenter

Shree Prasad Devkota

In partial fulfillment of the requirements for the Course Economics of Education EDUC 544

Second Semester

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Introduction

Education financing is the investment or expenditure plan

Acquiring or providing education by the user or government or community

Process of allocating the tax revenue and other resources to education in different types and levels of education, Levin(1987)

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Three main criteria by which systems of financing school education

UNESCO(2008) 12/25/2013

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Overview of School Financing in Nepal

Improving efficiency

and institutional capacity

Enhancing quality and relevance of

education

Ensuring access and equity in

primary/basic

education

The above mentioned objectives are based on the human rights approach to education, which is set in the Education for All National Plan of Action (EFANPA) Nepal (2001-2015).

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Budget Allocation in Education

Fiscal year Total budget (In Rs. 000)

Budget in

education

(In Rs. 000)

% of Budget

in education

2062/63 126885100 21250447 16.74

2063/64 143912300 23005525 15.98

2064/65 168995600 28390000 16.79

2065/66 238000000 40980000 17.34

2066/67 285000000 46,211,487 16.27

2067/68306270386 54,918,843 17.9

2068/69384900000 63,918,839 17.11

(Source: MoE, 2011)

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Conclusion

The GoN has been spending huge amount for the development of education of Nepal

The achievement does not seem to be satisfactory How to best utilize the available resources and how

to ensure transparency and fiscal discipline,Thapa(2011).

It seems government should prioritize spending more on basic education, Wagley, M. P., Kantipur Jan 31, 2012

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Conti..

The budget that is allocated to the education especially in the school education is mostly spent in teachers' salary as well as in administrative purposes

Investment in infrastructure development, supportive educational materials for teachers and students is seemed to be low

There is the need to provide educational loans and certain scholarships to the needy students even in higher levels

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