October 04, 2016|
- Between 2015 and 2030, low- and middle-income countries will need to increase spending on education from the current US$1.2 trillion per year to US$3 trillion.
- The Incheon Declaration recommends that national governments allocate 4 to 6% of their gross domestic product (GDP) and/or at least 15 to 20% of their total public expenditure to education, with a focus on basic education.
- GPE creates incentives for developing country partners to develop financially sustainable education sector plans, increase national budget allocations and improve the quality of education expenditure.
- On average, between 2002 and 2013, GPE partner developing countries increased domestic expenditure on education as a percentage of total government expenditure from 15.2% to 16.6% and expenditure as a percentage of GDP from 2.9% to 3.9%.
- In 2015, where data is available, 47% of GPE partner developing countries, including 43% of countries affected by fragility and conflict, spent at least 20% of total government expenditure on education.