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%