Experts for raising education budget to minimum 3% of GDP
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Monday
July 04, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
MONDAY, JULY 04, 2022
Experts for raising education budget to minimum 3% of GDP

Education

TBS Report
18 May, 2020, 08:15 pm
Last modified: 18 May, 2020, 08:26 pm

Related News

  • SMEs’ contribution to GDP expected to hit 35% by 2030
  • Strong GDP growth, higher toll means Padma Bridge will pay for itself
  • GDP growth to exceed target in FY23: Finance minister
  • GDP growth target set at 7.5%
  • Education budget FY22: Many promises remain unfulfilled

Experts for raising education budget to minimum 3% of GDP

The current allocation of 2.1 percent is the lowest among the South Asian countries

TBS Report
18 May, 2020, 08:15 pm
Last modified: 18 May, 2020, 08:26 pm
Photo: Collected
Photo: Collected

There is no alternative to raising the education sector's share in the national budget. It needs to be at least 3 percent of the country's gross domestic product (GDP). 

The current allocation of 2.1 percent is the lowest among the South Asian countries.

Speakers at a video conference said this while underscoring the need for increasing budgetary allocation for the education sector to overcome the losses caused by the Covid-19 crisis.

The government needs a master plan to prevent dropouts and ensure quality education from pre-primary to the tertiary level. But it needs a huge budgetary allocation for that, they said.

The video conference styled "Tackling the Impacts of the Covid-19 Pandemic on the Education Sector of Bangladesh" was organised by South Asian Network on Economic Modeling (Sanem) yesterday.

Moderated by Dr Selim Raihan, executive director of Sanem and professor of economics at the University of Dhaka, the webinar hosted an expert panel discussion where academicians, economists, researchers, government officials, journalists, and development practitioners joined.

Syed Manzoorul Islam, former professor at the University of Dhaka's English department, said, "Bangladesh was less prepared for the Covid-19 outbreak. But it is laudable that the government shut all the educational institutions on March 17."

"But at least 30 percent of students will never come back to schools. The government has to undertake multiple initiatives if it wants to save the education sector from such a disaster." 

"The stipend should be raised to Tk300-400 from Tk150. Also, the government will have to supply the study materials. If it fails, the whole nation will suffer for a long time.

"Also, the academic year could be shortened to 10 months after the pandemic, minimising the semester duration and at least 10 percent of the syllabus."

Campaign for Popular Education (Campe) Executive Director Rasheda K Chowdhury said, "All the students could not be reached at for online classes. Namely, the students of hilly, haor and char areas are being deprived of learning through online classes. The government needs to give it a serious thought."

"Child labour, early marriage and malnutrition will also increase school dropouts. Only a good national plan and standard budgetary allocation can prevent dropouts."

Director General Directorate of Primary Education Md Fasiullah said, "The government is serious about the education sector."

"We have already taken up many prompt initiatives such as starting online classes and distributing stipend to tackle the ongoing crisis. We are also making a plan to face future challenges," he said.

Bangladesh / Top News

Education Budget / Raising / GDP

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Export shines, deficit widens too
    Export shines, deficit widens too
  • Photo: TBS
    Fire at Fresh factory in Narayanganj
  • Prime Minister Sheikh Hasina. TBS Sketch.
    PM Hasina visits Gopalganj via Padma Bridge

MOST VIEWED

  • Photo :Noor-A-Alam
    SSC exams in August, date yet to be fixed
  • Dhaka University. Photo: Collected
    14.3% pass DU ‘C’ unit entry test
  • Nabiha Raidaa Scholarship introduced at MIST
    Nabiha Raidaa Scholarship introduced at MIST
  • TBS Illustration
    Universities may launch online classes again after Eid
  • Murdered student Abrar’s brother Faiyaj passes BUET admission test
    Murdered student Abrar’s brother Faiyaj passes BUET admission test
  • RUET organises Robotronics 2.0
    RUET organises Robotronics 2.0

Related News

  • SMEs’ contribution to GDP expected to hit 35% by 2030
  • Strong GDP growth, higher toll means Padma Bridge will pay for itself
  • GDP growth to exceed target in FY23: Finance minister
  • GDP growth target set at 7.5%
  • Education budget FY22: Many promises remain unfulfilled

Features

Japanese Ambassador Naoki Ito. Sketch: TBS

‘The game-changing projects are in line with the Bay of Bengal Industrial Growth Belt initiative’

1h | Panorama
A Glittery Eid

A Glittery Eid

22h | Mode
Rise’s target customers are people who crave to express themselves through what they wear, and their clothing line is not relegated to any age range.

Level up your Eid game with Rise

22h | Mode
Stefan Dercon, a Professor of Economics at the University of Oxford and former Chief Economist of the Department of International Development (DFID). Illustration: TBS

Renewing the ‘elite bargain’ for Bangladesh’s future growth

1d | Panorama

More Videos from TBS

Is the Western intention to defeat Russia through Ukraine successful?

Is the Western intention to defeat Russia through Ukraine successful?

12h | Videos
Tattoo industry growing in Bangladesh

Tattoo industry growing in Bangladesh

12h | Videos
Ukraine to receive huge arms consignment

Ukraine to receive huge arms consignment

13h | Videos
Warren Buffett's 10 tips to get rich

Warren Buffett's 10 tips to get rich

14h | Videos

Most Read

1
Meet the man behind 'Azke amar mon balo nei'
Splash

Meet the man behind 'Azke amar mon balo nei'

2
TBS Illustration
Education

Universities may launch online classes again after Eid

3
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

4
Photo: Collected
Economy

Tech startup ShopUp bags $65m in Series B4 funding

5
World Bank to give Bangladesh $18b IDA loans in next five years
Economy

World Bank to give Bangladesh $18b IDA loans in next five years

6
Investor Hiru fined Tk2cr for market manipulation
Stocks

Investor Hiru fined Tk2cr for market manipulation

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Sun Drying Paddy in Monsoon: Workers in a rice mill at Shonarumpur in Ashuganj arrange paddy grains in lumps on an open field to dry out moisture through sunlight. During the rainy season, workers have to take cautions so that the grains do not get wet in the rains. Photo: Rajib Dhar

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net