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What does the percentage of 'education expenditure of GDP' indicate? |
The total government expenditure on education. How much people's income is committed to education development. The percentage of the national budget allocated to education. The percentage of government revenue allocated to education. |
How much people's income is committed to education development. |
The expenditure on education by the government is expressed in two ways (i) as a percentage of ‘total government expenditure’ (ii) as a percentage of Gross Domestic Product (GDP). The percentage of ‘education expenditure of total government expenditure’ indicates the importance of education in the scheme of things before the government. The percentage of ‘education expenditure of GDP’ expresses how much of people’s income is being committed to the development of education in the country. |
