Big hike posted in Sri Lanka Education spending

Big hike posted in Sri Lanka Education spending

12 August 2020 01:58 pm

Sri Lanka has increased the spending on education amidst covid-19 economic set back. , official sources said adding that this was big  hike during the first four months this year. .

The total expenditure incurred by the central government for school education was Rs. 78,834 million of which Rs. 73,660 million for recurrent expenditure and Rs. 5,174 million for capital expenditure.

The expenditure on educational welfare programs were Rs. 5,432 million which is Rs. 1,012 million less than that is for the first four months of 2019.

This reduction was mainly due to the increased expenditure in 2019 as three welfare programs that had to be completed in 2018 had been completed in 2019.

Providing school uniforms; , shoes for difficult and very difficult schools; and selecting a service provider for the health insurance scheme in 2019.were among those high spending initiatives. 

 Meanwhile, expenditure on the “Nearest School is the Best School” (NSBS) programme was Rs. 3,246 million as at end of April 2020.

In the first four months of 2020, government expenditure on the development of higher education was Rs. 19,912 million of which recurrent and capital expenditure were Rs. 16,515 million and Rs. 3,397 million, respectively.

Rs. 250 million was incurred for the construction of new building complexes for the establishment of technology faculties in 10 universities as at end of April 2020.

During the first four months of 2020, 168 university students benefitted through the loan for purchasing laptops and paid Rs. 49 million to the People’s Bank to bear the interest cost.

The total expenditure for the skills development and vocational training was Rs. 1,429 million of which Rs. 411 million for capital projects in the first four months of 2020