Education financing: A comparison between countries

Abstract

Abstract
Education is an important process which contributes in development of individual and community, which supports economic development and which ensures cultural values to be conveyed to future generations. Education level is one of the important indications of the development levels of countries and countries are able to advance in line with the importance they give to education. Under the scope of the study the theoretical scale of the education financing was examined initially and then a comparison was made between developed and developing countries regarding the education expenditures. In conclusion section the existing similarities – differences were explained. The purpose of the study is to compare the total education financing of the countries and to determine the existing financing differences. In order to reach the purpose, education statistic data of national and international institutions such as the World Bank OECD, EUROSTAT were used.

Keywords: education expenditures, education financing, education expenditures/gdp, education, expenditures government budget.