The government, within the whole domestic product, is planning to grow the educational share to 11%. As stated by the Prime Minister, every year, 25% of the budget has to be directed towards education. According to the new legislative initiative, in 2020, the educational budget will be 2 Million Gel, in 2021 – 2 500 000 000 Gel, and In 2022 it will top the 6% of GDP and reach 3 Billion 400 Million Gel.
Forbes looked into European GDP shares in educational expenses. According to the World Bank, this indicator in Europe equals an average of 4.7%, whereas in Georgia it is 3.8%.
Government expenses on education – the GDP shares in different countries are as follows:
• Iceland – 7.1%
• Denmark – 6.9%
• Sweden – 6.6%
• Belgium – 6.4%
• Finland – 6.1%
• Estonia – 5.9%
• Switzerland – 5.6%
• Latvia – 5.5%
• France – 5.4%
• Poland – 5%
• Hungary – 4.9%
• Austria – 4.9%
• United Kingdom- 4.7%
• Czech Republic – 4.5%
• Germany – 4.2%
• Georgia – 3.8%
• Romania – 3.7%