Tight Budgets

L to R: Samantha Ranatunga, Chairman, HVA Foods PLC; Jan Müggenburg, Chief Executive Officer, Müggenburg Group; Graham Stork, Chief Executive Officer, HVA Foods PLC; Sarva Ameresekere, Group Chairman, George Steuart & Co. Ltd.

Sri Lanka spends to put up unnecessary buildings in its public schools and universities, with an urgent need to rationalise its capital spending budget for education. Sri Lanka spends to put up unnecessary buildings in its public schools and universities, with an urgent need to rationalise its capital spending budget for education. Over 80 percent of capital education investment is on construction, mainly building of class room blocks in schools, lecture halls, administrative complexes and residential facilities in universities, the World Bank said in a recent education sector report.
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The problem is much of the development is ad-hoc and at times more than the school needs, bankrolled as it is by the state.
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“What is needed now is a shifting of the budget, so that more resources are also available for quality inputs such as science labs or computers. Construction needs to be prioritised,” Senior Economist at the World Bank, Dr.

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Harsha Aturupane said.

The government spends Rs. 40 bn a year on education or three percent of national income, about 20 percent of that on capital spending.

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Education budgets have been upped this year to Rs. 57 bn.

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