Latest Breaking News On - Via public covid 19 two thirds of poorer countries are cutting their education budgets ata time when they can least afford to - Page 1 : comparemela.com
02/22/2021 | Press release | Distributed by Public on 02/22/2021 04:43
COVID-19: Two-thirds of poorer countries are cutting their education budgets at a time when they can least afford to
Education budgets are not adjusting proportionately to the challenges brought about by COVID-19, especially in poorer countries. Despite additional funding needs, two-thirds of low- and lower-middle-income countries have, in fact, cut their public education budgets since the onset of the pandemic, according to the new joint World Bank - UNESCO report, Education Finance Watch (EFW).
In comparison, EFW demonstrates only one-third of upper-middle and high-income countries have reduced their budgets. These cuts have been relatively small so far, but there is a danger that they will grow as the pandemic continues to take its economic toll, and fiscal positions worsen. These differing trends imply a significant widening of already large spending disparities seen between low- and high-income countries.