Budgeting_and_Financial_Planning_Malawi_Presentation.pptx

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1. Budgeting and Financial Planning in Education Facilitated by Noorul Haq Baloch Education Department, Govt of Balochistan

2. Importance of Budgeting in Education Ensures efficient use of limited resources Aligns financial plans with educational priorities Facilitates transparency and accountability in fund management Supports strategic decision-making and program implementation Example: Brazil's Participatory Budgeting in schools

3. Challenges in Budgeting for Education Limited resources and competing priorities Unexpected expenses and financial constraints Stakeholder resistance and lack of engagement Need for accurate data and forecasting Example: Addressing funding gaps in rural schools

4. Steps in Financial Planning Assess financial needs and resources Set budget priorities aligned with strategic goals Develop a comprehensive budget plan Implement and monitor financial activities Review and adjust plans based on performance Example: Germany's Dual Education System with industry partnerships

5. Strategies for Effective Budgeting Involve stakeholders in the budgeting process Use data-driven approaches for accurate forecasting Build contingencies for unexpected expenses Align budget allocations with educational priorities Example: South Korea's focus on technology in education budgeting

6. Malawi's Education Implementation Plan Strategic allocation of resources to priority areas Use of data-driven decision-making to optimize budget Community involvement in financial planning and accountability

7. Key Strategies in Malawi Focus on equitable distribution of resources Investment in teacher training and infrastructure Partnerships with international donors and NGOs Example: Community-led school management committees

8. Outcomes and Impact Improved financial accountability and transparency Enhanced educational access and quality in rural areas Recognition as a model for participatory budgeting Lessons learned for application in similar contexts