Take Away #1

Republic of the Philippines
UNIVERSITY OF RIZAL SYSTEM

Morong,Rizal
INSTITUTE OF GRADUATE STUDIES
Name of Student: CHERRY M. ADUAN

Course: Ph.D. Educational Management
Subject: Business and Fiscal Management of Educational Enterprise
Professorial Lecturer : DR. GLORIA SARABIA
THE RATIONALE OF FINANCING EDUCATION
Introduction
Education is said to be the foundation of economic growth, thus, it is essential

to know its usefullness in the development process. It is also said to be of excellent
way to the country’s industrialization process.
Looking at the school setting, may it be public or private, a large portion of

national resources are devoted to education. A quality education, beginning with
primary education, is fundamental to provide individuals with the ability to
successfully pursue their personal goals while also providing them with the
knowledge, skills, values, and attitudes required to effectively contribute to the
economic, social, and political development of their societies..
Summary
Education not only empowers individuals to live better lives of their own
choosing, but it also makes a significant contribution to a country's development,
among other things, reducing illiteracy, poverty, and fertility, while also improving
nutrition and health, labor productivity, and governance quality.
Five (5) characteristics of educational sectors were mentioned on the report

that gives highlight to the Rationale on Business and Fiscal Management which are
as follows:
- Growth in enrolments and in public spending was slow and continuous

over long periods of time.
- Dual systems operated in parallel with few connections between them.
- Provisions of mass formal education followed rather that preceded the
transition from agriculturally to industrially based economies.
- The elementary level grew faster toward universal provision and only when
substantial progress had been made with this did higher level grow
substantially.
- In most early industrializing countries, private sources of funding provided
very substantial proportions of the finance necessary to support the formal
education system.
Stated also the summary of rationales for educational expenditures found in

national plans like Manpower development rationales, Social equity rationales,
Nation-building rationales, Improving quality of school rationales, Improving
efficiency of schooling rationales. With all these, the educational arena have
something to look forward and it will depend on the prioritization of the government.
Insight
Looking to the stated summary, education can be made as the country’s way
to industrialization hence the vision of education is still at the hand of those persons
in authority. Looking on the reader’s perspective, the characteristics of educational
sector before shows a very slow in terms of its movement in development. Changes
do not happen overtime, in centuries the face of education shows a huge change in
many aspects and its because of the appropriate funds allocated on education.
With regards to the country’s development using education as tool, it will have
realization if the budget will be properly used, hence, they must learn to prioritize the
needs of the school in relation to its goals and objectives. All decisions in the
department towards the attainment of its goals involves finances. The future of
educational arena will be at stake if the issues on graft and corruption will continue
thus industrialization of the country will not be possible.

Foresight
A vision remains a vision without a mission. Mentioned in the introduction
about education as an excellent way to country’s development, then education
should be prioritized. I remember upon listening on the DepEd’s new agenda
“Matatag: Bansang Makabata, Batang Makabansa, our Vice President and DepEd
Secretary Sarah Duterte expressed her plans and vision for the educational sector
and was back up by our President. I understand that all of those plans should start
from the the persons involved in the basic setting of the institutions like the students,
teachers and administrators, thus, she took advantage of launching the agenda to
express her desire to resolve the education challenges.
Treat the disease of the educational sector and the entire country will be
treated.

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Republic of the Philippines

UNIVERSITY OF RIZAL SYSTEM

INSTITUTE OF GRADUATE STUDIES

Name of Student: CHERRY M. ADUAN

THE RATIONALE OF FINANCING EDUCATION

Education is said to be the foundation of economic growth, thus, it is essential

Looking at the school setting, may it be public or private, a large portion of

Five (5) characteristics of educational sectors were mentioned on the report

- Growth in enrolments and in public spending was slow and continuous

Stated also the summary of rationales for educational expenditures found in

in authority. Looking on the reader’s perspective, the characteristics of educational

thus industrialization of the country will not be possible.

A vision remains a vision without a mission. Mentioned in the introduction

about education as an excellent way to country’s development, then education

should be prioritized. I remember upon listening on the DepEd’s new agenda

express her desire to resolve the education challenges.

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