BUDGET 2013: President proposes increased spending on education
November 8, 2012 03:05 pm
Government spending on the free education sector will not be undermined in any manner, the President assured in his Budget speech while proposing that government education expenditure for 2013 be increased by 15% in comparison to 2012.
The government spent Rs.150 billion on the free education system in 2012 which amounted to around 9% of government expenditure.
The President stated that the government contribution to free education could only be appreciated when comparing Sri Lanka to other countries.
The President proposed that Rs.306 billion be allocated for the Education sector which amounts to around 4.1% of the GDP.
Furthermore, the President proposed that a sum of Rs.900 million be allocated for teacher training to improve the primary education in the country.
An additional allocation of Rs.4000 million was proposed in order to enroll 5000 students to universities as per the Supreme Court order.
