Only 1.77 pc of GDP spent on education last year

Only 1.77 pc of GDP spent on education last year

Economic Survey of Pakistan 2021 – 2022

The Economic Survey of Pakistan 2021-22 pointed out that only 1.77 percent of GDP was spent on the Education sector last year. The Literacy Rate, on the other hand, was recorded at 63pc.

“Cumulative education expenditures by federal and provincial governments in FY2021 remained at 1.77pc of GDP (revised estimates). Education-related expenditures during FY21 witnessed an increase of 9.7pc, reaching Rs988 billion from Rs901bn,” the survey said.

Literacy Rate in Pakistan

While highlighting the rate of literacy, the survey said that the Pakistan Social and Living Standards Measurement survey was not taken forth during 2021-22 due to the upcoming Population and Housing Census 2022.

The survey, therefore, stated that figures for the latest available survey regarding Gross Enrolment Rate and Net Enrolment Rate may be considered for the analysis.

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Labour Force Survey

“However, according to the Labour Force Survey 2020-21, literacy rate trends show 62.8pc in 2020-21 (as compared to 62.4pc in 2018-19), more in males (from 73.0pc to 73.4pc) than females (from 51.5pc to 51.9pc),” read the survey.

Literacy Rates in Provinces

It is pertinent to state that literacy rates increased in both urban (76.1pc to 77.3pc) and rural areas (53.7pc to 54.0pc). As per the survey report, the gender gap seems to be closing over time. “Literacy rate went up in all provinces, Punjab (66.1pc to 66.3pc), Sindh (61.6pc to 61.8pc), Khyber Pakhtunkhwa (52.4pc to 55.1pc), and Balochistan (53.9pc to 54.5pc),” the survey noted.

The survey said that for FY2022, an amount of Rs9.7 billion was set aside in PSDP FY2022 for 24 ongoing and four fresh development projects of the Ministry of Federal Education and Professional Training.

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