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Monitoring the Impact of the Financial Crisis on National Education Financing: A Cross-Country Study – UNESCO – November 2010

UnescoThis study was commissioned by UNESCO as a background study for the Education for All (EFA) Global Monitoring Report 2011, to update analysis of the impact of the global financial crisis on education spending in IDA-only countries, using 2010 budgets. It finds that there will be a continuing fall in education spending in 2010 (though health spending will rise), while spending in non-programme countries will rise to offset a fall in 2009. Overall, current LIC education spending plans are likely to fall well short of the EFA goals, especially for "off track" countries. It also finds a great deal of potential "fiscal space" to expand spending during 2011-15 period to reach EFA goals, especially by absorbing extra aid or mobilizing more budget revenue.

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