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Education budget to be held to account

Education budget to be held to account 1 published : 19 Dec 2020 at 04:00 1 A new accounting system has been launched to track education spending and investment and tackle the problem of inequality in Thailand. The Equitable Education Fund (EEF) has created the National Education Accounts (NEA) in collaboration with the Research and Accounting Institute, Thammasat University and it will be headed by Assoc Prof Chaiyuth Punyasavatsut, a TU economics lecturer. Assoc Prof Chaiyuth said Thailand had invested more in education than many other countries in the past 10 years. In 2018 alone, the country spent 816.46 billion baht, or 5% of its GDP, on education compared to 4.9% on average by the 17 member nations of the Organisation for Economic Co-operation and Development (OECD).

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