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Important Issues in Public School Financing

posted May 1, 2013, 11:04 PM by Pilinda Rose Dominguez
by: Mrs. Eloisa M. Bacani

Education finance has long been a topic of debate .With education consuming a large share of public expenditures in many countries,the public is increasingly interested in how education resources are used.

In addition,the economic down turn is prompting many more questions as governments reconsider spending priorities in the context of tightening budgets.

Where the money comes from?

The major source of funding  for public schools  is the local property taxes.It is set by the local school board ,other officials or directly by citizens.This local control led to dramatic differences in school funding ,usually depending on the relative property wealth of the surrounding community.

There is  budget allocation for Education  on Financing like: the Department of Education takes the biggest share with Php 238.8 billion representing a sharp budgetary increase of 15.2 percent from its 2011 budget of Php 207.3 billion.

There is proposed budget for basic education  includes for : basic educational facilities,hiring more teachers to address current teacher  shortage ,allocation out of the Miscellaneous Personnel Benefit Fund (MPBF),allocation for the procurement of textbooks and teachers  manuals,allocation to support the expansion of Government Assistance  to Students and Teachers in Private Education (GASTPE) to benefit one million grantees ,allocation for the Universal Kindergarten program.

The Federal Government,State Governments,School districts and Schools all have some decision – making role about in expenditures.