Government Education Expenses in European Countries and Georgia

Government Education Expenses in European Countries and Georgia

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%

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