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An Analysis of Public Spending Gap in the Context of Education SDGs 4.1

Audit and Accounting Review

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Title An Analysis of Public Spending Gap in the Context of Education SDGs 4.1
 
Creator Ihsan, Asima
Adil, Shahid
Hureem, Uzooba
 
Subject Sustainable Development Goals, Financial Requirements, School Education, Expected Years of Schooling, Linear Regression
 
Description The United Nation Development Programme (UNDP) report on Punjab Millennium Development Goals (MDGs) Status claimed that Punjab had remained off-track to achieve the universal primary education targets. The evidence from literature showed that shortage of funds was one among several reasons to the attainments of school education targets of MDGs. The world is now signed up to another set of comprehensive Sustainable Development Goals (SDGs) to achieve since 2030. At this time, the best thing that the government can do to stimulate progress in school education targets of SDGs is to provide the significant amount of resources especially when the race towards the attainment of the SDGs is on in all developing and developed countries. This study attempted to determine how much public spending is required to meet a subset of basic education goals, namely, that all students complete high-quality pre-primary, primary, and lower secondary education. In Punjab, no attempt has yet been made to cost the SDGs. The focus of this analysis was only the school education public spending in Punjab. With data for the period of 2008-2019, the empirical evidence of this study was based on the various projection techniques for different variables. However, the results showed that we must increase our education spending in school education by at least ten percent annually in real term. Furthermore, if the recent trend of spending in the school education sector continues, the rise in education spending will be only 5% in real terms, and we will be far from achieving school education-related SDGs in Punjab at this level of spending.
 
Publisher School of Commerce and Accountancy, University of Management and Technology Lahore, Pakistan
 
Date 2021-11-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Identifier https://journals.umt.edu.pk/index.php/aar/article/view/2049
 
Source Audit and Accounting Review; Vol 1 No 1 (2021): Spring
 
Language en
 
Rights Copyright (c) 2021 Asima Ihsan, Shahid Adil, Uzooba Hureem
https://creativecommons.org/licenses/by/4.0