Topics
Explore
Featured Insight
Sri Lanka’s government education spending is the lowest in South Asia
In 2022, Sri Lanka’s government—both provincial and central—dedicated only 1.5 percent of its GDP to education, including primary, secondary, and tertiary levels. This places Sri Lanka at the bottom of the list for education spending in South Asia. By contrast, countries like India, the Maldives, and Afghanistan invest over 4 percent of their GDP in public education, while Bhutan leads the way, allocating an impressive 8 percent. For the past 15 years, Sri Lanka’s education budget has remained stuck between 1.5 and 2 percent, while most other South Asian countries have steadily increased their spending. Despite Sri Lanka’s relatively strong educational outcomes, there's still plenty of room for improvement, especially when it comes to raising the quality of education and expanding access to higher education. Investing in education is crucial for building human capital, which fuels productivity and drives economic growth. Moreover, a strong education system is essential for tackling many of the social challenges the country faces today. Due to limited government revenue and spending constraints, the government may need to redirect funds from other sectors and prioritise its needs to increase the budget for education. You can explore the 2024 Budget allocations for each sector here. Let us know in the comments which areas you think the government could reduce spending on to improve education in the Sri Lanka.
Featured Insight
Sri Lanka’s government education spending is the lowest in South Asia
In 2022, Sri Lanka’s government—both provincial and central—dedicated only 1.5 percent of its GDP to education, including primary, secondary, and tertiary levels. This places Sri Lanka at the bottom of the list for education spending in South Asia. By contrast, countries like India, the Maldives, and Afghanistan invest over 4 percent of their GDP in public education, while Bhutan leads the way, allocating an impressive 8 percent. For the past 15 years, Sri Lanka’s education budget has remained stuck between 1.5 and 2 percent, while most other South Asian countries have steadily increased their spending. Despite Sri Lanka’s relatively strong educational outcomes, there's still plenty of room for improvement, especially when it comes to raising the quality of education and expanding access to higher education. Investing in education is crucial for building human capital, which fuels productivity and drives economic growth. Moreover, a strong education system is essential for tackling many of the social challenges the country faces today. Due to limited government revenue and spending constraints, the government may need to redirect funds from other sectors and prioritise its needs to increase the budget for education. You can explore the 2024 Budget allocations for each sector here. Let us know in the comments which areas you think the government could reduce spending on to improve education in the Sri Lanka.
Featured Insight
Sri Lanka’s government education spending is the lowest in South Asia
In 2022, Sri Lanka’s government—both provincial and central—dedicated only 1.5 percent of its GDP to education, including primary, secondary, and tertiary levels. This places Sri Lanka at the bottom of the list for education spending in South Asia. By contrast, countries like India, the Maldives, and Afghanistan invest over 4 percent of their GDP in public education, while Bhutan leads the way, allocating an impressive 8 percent. For the past 15 years, Sri Lanka’s education budget has remained stuck between 1.5 and 2 percent, while most other South Asian countries have steadily increased their spending. Despite Sri Lanka’s relatively strong educational outcomes, there's still plenty of room for improvement, especially when it comes to raising the quality of education and expanding access to higher education. Investing in education is crucial for building human capital, which fuels productivity and drives economic growth. Moreover, a strong education system is essential for tackling many of the social challenges the country faces today. Due to limited government revenue and spending constraints, the government may need to redirect funds from other sectors and prioritise its needs to increase the budget for education. You can explore the 2024 Budget allocations for each sector here. Let us know in the comments which areas you think the government could reduce spending on to improve education in the Sri Lanka.
Featured Insight
Sri Lanka’s government education spending is the lowest in South Asia
In 2022, Sri Lanka’s government—both provincial and central—dedicated only 1.5 percent of its GDP to education, including primary, secondary, and tertiary levels. This places Sri Lanka at the bottom of the list for education spending in South Asia. By contrast, countries like India, the Maldives, and Afghanistan invest over 4 percent of their GDP in public education, while Bhutan leads the way, allocating an impressive 8 percent. For the past 15 years, Sri Lanka’s education budget has remained stuck between 1.5 and 2 percent, while most other South Asian countries have steadily increased their spending. Despite Sri Lanka’s relatively strong educational outcomes, there's still plenty of room for improvement, especially when it comes to raising the quality of education and expanding access to higher education. Investing in education is crucial for building human capital, which fuels productivity and drives economic growth. Moreover, a strong education system is essential for tackling many of the social challenges the country faces today. Due to limited government revenue and spending constraints, the government may need to redirect funds from other sectors and prioritise its needs to increase the budget for education. You can explore the 2024 Budget allocations for each sector here. Let us know in the comments which areas you think the government could reduce spending on to improve education in the Sri Lanka.
Data
Reports
Acts and Gazettes
Insights
Dashboards
Annual Budget Dashboard
Budget Promises
Fiscal Indicators
Fuel Price Tracker
IMF Tracker
Infrastructure Watch
PF Wire
About Us
EN
English
සිංහල
தமிழ்
;
Thank You
Free and Open Access to
Public Finance Data and Analysis
Home
Topics
Expenditure
Expenditure
Insights and analysis of government expenditure.
Total SOE Losses in the first four months of 2022 Outweigh Annual Losses in 2021
During the first four months of 2022 the cumulative loss of State-Owned Enterprises (SOEs) amounted to LKR 860 BN. This figure outweighs the annual loss of SOEs in 2021. The top 3 contributors to the increase of the...
From The PF Wire
Source:
DailyFT
Cabinet approves transaction advisors for sale of...
In a significant development towards State Owned Enterprise (SOE) reforms, the Cabinet of Ministers at its meeting on Monday approved the recommended transaction advisors for seven identified entities.
Read More
Source:
Daily Mirror
Fiscal deficit through November tops Rs.1.7tn
The deficit in the budget hit an all-time high in January-November 2021 period, as the latest fiscal data showed revenue slippages and expenses over and above what was budgeted and what was spent a year ago.
Read More
Source:
Ceylon Today
Govt to spend $50M on shippers, freight clearance
On Prime Minister Mahinda Rajapaksa’s directives, the Government has allocated USD 50 million to pay shippers and clear around 800 containers of essential commodities held at the Port.
Read More
Insight on Expenditure
The Cost of Inflation: Sustaining 2015 C...
Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 1...
Total SOE Losses in the first four month...
During the first four months of 2022 the cumulative loss of State-Ow...
Government Expenditure from 2012-2021
Government Expenditure increased by 126% over the past decade. Expen...
How did the government finance its expen...
The infographics provides details on government expenditure and the...
Fuel Price Tracker : Methodology
FUEL PRICE TRACKER
A Sri Lankan Household Spends 24% of Av...
Sri Lanka's fuel prices increased rapidly within the last few mo...
Fiscal Performance From January to Novem...
The following infographic compares Sri Lankas' fiscal performance from January to Novemb...
Sri Lanka’s Imports Were 4% Higher in 2...
Sri Lanka’s Imports have grown by 4%...
Contributors to Rising Inflation
Sri Lanka has seen a trend in rising inflation, with inflation reach...
page
2
of
7
‹
1
2
...
2
...
6
7
›
Featured
Public Report on the 2022 Budget: Assessment of th...
This report provides an assessment and analysis of the fiscal, financial and economic assumptions and estimates applied in the formulation of the 2022 Budget. This repo...
Read More
Sri Lanka met 46 IMF commitments and failed 12 by...
The transparency in Sri Lanka’s ongoing International Monetary Fund (IMF) programme improved in November following the publication of several supporting documents with the 2024 budget, according to the latest update of Verité Re...
Read More
Too Many ‘Known Unknowns’ in Sri Lanka’s IMF Progr...
This article was compiled by Dr. Nishan de Mel. Dr. Nishan de Mel is the Executive Director of Verité Research and an economist with extensive acade...
Read More
