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Education Financing and Expenditure Management

This theme and its three sub-themes deal with approaches to education financing and budgeting with specific focus on public and private funding, resource allocation process and expenditure management. 

One of the important aspects of education reform policy is to look at the productivity and efficiency of the education sector, in particular, government expenditure. As a result, education policy-makers and planners are continuously faced with issues regarding education financing, budgeting, and financial management.

It is a challenge to determine how governments and families can best finance and allocate scarce resources to produce quality education and the skills needed by its citizens.

Addressing this challenge calls for integrating education into a country-wide perspective focusing on how education ties into the macro-economic context, particularly emphasizing the need for close attention to fiscal and public expenditure management policies affecting school management and finance.
 
This strategy examines three main topics:

Financing: Public and Private Funding
The source and level of funds for financing the education sector can have varied implications on the results of education plan implementation. This topic provides in-depth analysis of the financing and budgeting of education including public and private funding.

Resource Allocation Process
There is a variety of mechanisms which can be used to allocate public resources efficiently, effectively and equitably. The following recommended readings provide information on these mechanisms, how they are used in practice, and case study examples.

Expenditure Management
How governments manage their expenditure and evaluate whether financial management has been efficient, effective and equitable are important aspects of financing education. This section provides selected readings on public expenditure management issues and policy choices.