Last Updated on: 15th July 2023, 05:00 pm
The PTI govt. has announced Rs. 91.97 billion for education and related services in the federal budget for 2021-2022 presented today to the National Assembly.
The increase in corporate and educational services is 4 percent from the revised allocation of Rs. 88.09 billion for the current fiscal year (FY22).
Public spending on education in the country as a percentage of GDP is estimated at 1.5% in the 2020-21 budget year, making it the lowest in the region. The government allocated the bulk of the Rs. 78.195 billion spendings on college affairs and services in the 2021-22 budget, which is 85% of the total allocation under this heading.
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Rs. 3.021 billion was allocated for pre-primary and primary education for 2021-2022, compared to Rs 2.931 billion for 2020-21, Rs 7.632 billion for secondary education and services for 2021-2022 versus Rs 7.355 billion for 2020-2021, and 1.915 billion rupees for administration versus 1.237 billion rupees for 2020-2021 which was then revised to 1.608 billion rupees.
After the 18th constitutional amendment, the subject of education was transferred to the federal states and the federal government primarily finances higher education.
The government has increased the budget allocation for the higher education sector from 29.470 billion rupees in 2020-2021 to 42.450 billion rupees for the next fiscal year. According to budget documents, the Higher Education Commission (HEC) has been allocated Rs. 42.450 billion under the Public Sector Development Program (PSDP) for 2021-22 versus Rs. 29.470 billion for 2020-21.
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In addition, Rs. 66,250 billion is earmarked for spending on the HEC.
