( Budgeting and financing education in Pakistan).pptx

education

1. Seminar in Education … Budgeting and financing education in Pakistan.

2. Budgeting and financing education in Pakistan. Memoona Rehman 1721113026 Iqra Anjum 1721113016 Submitted to # Mam Fozia Mahjabeen

3. Table of content Meaning of budget Budgeting Financing Difference between Budghting and financing Educational budget Role of budget Purpose of budget Three pillar

4. Continue Budgeting diagram of different year Budgeting report present days Comparison of budget How government use educational budget money Financing in education 2016-2017 Challenges Overcome Conclusion

5. Meaning of budget The word budget derived from old word ‘Budgettee,. Its an estimate of the revenue and expenses over a specific time period. A budget is prepared to have effective utilization of fund.

6. Budget or Budgeting An estimate Of income and expenditure for a set period of time. (Oxford Dictionary)

7. Financing According to jains. Finance is the art and science of managing money.

8. Difference between Budghting and financing Budgeting It is a concrete precise picture of the total operation and enterprise in monetary term. It is an operational plan for definite period usually a year. It is broad term. Financing It is concerned with the maintenance and creation of economic value or wealth. It is the management of money and other valuable which can easily converted in to cash. It is short term.

9. Educational Budget Every government spend their estimate money in education for a specific time. Before using this money they make a plan how to spend this money this is called budgeting plan and money that can they use called financing. Pakistan spent most of their money for education.

10. Role of Budget Budget play very important role in every country economy. Through budget every country estimate their expenditure. Planning economy is a budget of national resources and output capacity. Budget can drawn up in the term of annual plan.

11. Purpose of Budget To formulate the objective of development. To provide means of coordinating activities of different department. To streamline the management of public fund. Strength equality of opportunity .

12. Three pillar Week link between policy provision. Educational data. Budgeting allocation

13. Budgeting diagram of different years

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20. Budget report present day The government has allocated R.s 83.3 billion for educational affair and services in the fedral budget for 2020-21 against the revised allocation for 81.2 billion for the on going fiscal year showing an imperceptible rise of around 2.5 % pakistan public expenditure on education as a percentages to GDP is estimated as 2.3 % in the fiscal year 2019-20 which is lowest in the region. Compared to international benchmark the allocated budget for education is lowest as of the agreed target of 15-20 % of the total budget and 4 % of GDP.

21. Comparison of Budget The state of education in Pakistan has significantly improved in the last two decades. Pakistan is currently spending around 2.5% its gross domestic product on education. GDP spent on education 2.5% Literacy rate in Pakistan 60% Pakistan spent most of their money in education. With the different time period pakistan spent more then more money in educational budget…. But not in best way…

22. How government use educational budget Government use money to pay their educational staff. Government help needy student in the way of scholarship. Government provide books They encourage student through different rewards They provide all and good facilities for both student and staff. They provide good infrastructure Thy also provide penshion for retired staff They also provide transport for both student and staff

23. Financing in education 2016 to 2017 Federal level Total federal budget = 4,895 billion Total educational budget =109 billion Current budget =84 billion. 1= salary budget = 23 billion 2= Non salary budget =61 billion Development budget= 25 billion

24. Continue Punjab Total provincial budget =1,681 billion Total educational budget =296 billion Rrecurrent budget =233 billion 1= salary budget =211 billion 2= Non salary budget =22 billion Development budget=63 billion

25. Continue Sindh Total provincial budget = 869 billion Total educational budget =176 billion Rrecurrent budget =158 billion 1= Salary budget = 114 billion 2= Non salary budget =44 billion Development Budget=18 billion

26. Continue KPK Total provincial budget =505 billion Total educational budget =123 billion Rrecurrent budget=99 billion 1= Salary budget = 91 billion 2= Non salary budget =8 billion Development budget =24 billion

27. Continue Balochistan Total provincial budget =289 billion Total educational budget =49 billion Recurrent budget =42 billion 1= Salary budget =37 billion 2= Non salary budget =5 billion Development budget= 6 billion

28. Challenges The educational challenges faced by pakistan is not only limited to the lack of budget but is also linked with the way public. Financing are not planned managed and monitored. Some of the considerable issues in this context include.. 1.Inadaquate engagement of legislature in the budget. Making process. 2.Insufficient allocation compared with the actual need. 3.Inefficiency in education spending 4.corruption 5. Lack of transparency

29. Overcome Arrange responsible staff Control in corruptions Planned wisely Best supervision Educational rewards

30. Conclusion

31. Thanks