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%