The Ministry of Education has received a record budgetary allocation for the upcoming financial year. The Ministry has been allocated Rs 1,04,277.72 crore for the financial year (FY) 2022-23.
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New Delhi:
Education budgets were cut by 65 per cent of low and lower-middle income countries after the onset of the COVID-19 pandemic while only 33 per cent of high and upper-middle income countries did so, according to a report by the World Bank.
The report, compiled in collaboration with UNESCO s Global Education Monitoring (GEM) Report, said the current levels of government spending in low and lower-middle income countries fall short of those required to achieve the Sustainable Development Goals (SDGs). In order to understand the short-term impact of the COVID-19 pandemic on education budgets, information was collected for a sample of 29 countries across all regions. The sample represents about 54 per cent of the world s school and university aged population. The information collected was then verified with World Bank country teams, the report said.