Rs 31.569 billion allocated for education
The government has allocated Rs 31.569 billion for education in the 2009-10 budget, increasing by 28 percent against the revised estimate of Rs 24.640 billion for the on-going fiscal year 2008-09. Rs 23.372 billion has been allocated for Tertiary Education Affairs and Services out of the total budget of Rs 31.569 which is the maximum portion of the Education budget about 74 percent.
Copyright Business Recorder, 2009
The government had allocated Rs 24.622 billion for education in 2008-09 budget, followed by a supplementary grant of Rs 18 million. Out of the total allocation of Rs 31,569 million, Rs 2,887 million has been earmarked for Pre-Primary Education Affairs Services, against Rs 2,368 million of the out-going fiscal year, showing an increase of 21.92 percent.
Similarly, an amount of Rs 3,828 million has been allocated for Secondary Education Affairs and Services, against Rs 3,464 million for the same period of last fiscal year 2008-09, showing an increase of 10.5 percent. An amount of Rs 23.372 billion has been allocated for Tertiary Education Affairs and Services against Rs 17.461 billion earmarked for the same period of last fiscal year, witnessing an increase of 33.85 percent.
In the new allocation, Rs 566 million has been allocated for Education Affairs, Services (not elsewhere) which has been increased by 7 percent against Rs 529 million of the previous fiscal year. In the budget Rs 845 million has been allocated for Administration which was Rs 739 million during the same period of previous fiscal 2008-09, witnessing an increase of 14.34 percent.