Education Expenditure: Education System Generally Refers To Public Schooling, Not Private
Education Expenditure: Education System Generally Refers To Public Schooling, Not Private
Expenditure on education is an
investment that can foster economic
growth, enhance productivity, contribute to
personal and social development and
reduce social inequality. The proportion of
total financial resources devoted to
education is one of the key choices made
by governments, enterprises, students and
their families.
Definition
The indicator covers expenditure on
schools, universities and other public and
private institutions delivering or supporting
educational services. Expenditure on
institutions is not limited to expenditure on
instruction services but includes public and
private expenditure on ancillary services
for students and their families, where these
services are provided through educational
institutions. At the tertiary level, spending
on research and development can also be
significant and is included in this indicator,
to the extent that the research is
performed by educational institutions.
In principle, public expenditure includes
both direct expenditure on educational
institutions and educational-related public
subsidies to households administered by
educational institutions. Private
expenditure is recorded net of these public
subsidies attributable to educational
institutions; it also excludes expenditure
made outside educational institutions (such
as textbooks purchased by families, private
tutoring for students and student living
cost).
The term education system generally refers to public schooling, not private
schooling, and more commonly to kindergarten through high school programs.
Schools or school districts are typically the smallest recognized form of education
system and countries are the largest. States are also considered to have education
systems.
Simply put, an education system comprises everything that goes into educating
public-school students at the federal, state, or community levels:
While the term education system is widely and frequently used in news media and
public discourse, it may be difficult to determine precisely what the term is referring
to when it is used without qualification, specific examples, or additional explanation.