The share of education in the combined expenditure by the Centre and the states fell to its lowest in at least 14 years, revealed the Economic Survey 2023-24 tabled in the Parliament on Monday.
The report showed that education accounted for only 9% of the overall spending by the central and state governments in the fiscal 2021-22, when the country was recovering from the second Covid wave. This is the lowest relative expenditure on the sector since 2008-09. It comes a year after the share of education spending took an unusually sharp dip from 10.7% to 9.1%.Going by the revised and budget estimates for 2022-23 and 2023-24, the public spending on education is unlikely to see a notable recovery.
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